Sentences with phrase «default on debts totaling»

In the days that followed, Argentina would cycle through four more presidents and default on debts totaling $ 155 billion.

Not exact matches

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

For all you know from that data, the dips in «approval» are 100 % related to our allies being PO'd over the fact that US is in a total standstill and harming the global economy on a regular basis because of the GOP / Teatrolls» temper tantrums, shutdown threats and threats to default on the nation's debts.

A similar agreement was reached eight years later with the Paris Club of creditor nations (the last remaining Argentine debt still in default besides bonds held by holdouts) on debt repayment totaling $ 9 billion including penalties and interest.

«While banks wrote off a total of $ 75 billion in credit card debt, the level of the debt only declined by around $ 67 billion» and «the entire decrease in overall debt is the direct result of Americans defaulting on their debt»!

As to the CDS price on U.S. debt, there are credit default events short of total repudiation of debt, events which fall short of Armageddon.

A haircut — can refer to the interest differentials charged and paid on Over The Counter (OTC) products like CFDs and Forex, and to reduce debt repayments when there is risk of a total loan default, an example is the huge «haircut» European banks have taken on their loans to the Greek government.

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I've kept them not for investment purposes but for unforeseen financial catastrophes, real great disasters like national default on debts or total government collapse in Washington.

Defaulting on federal and private student loans will damage your credit rating and substantially increase your total debt.

We used three measures to capture the pertinent information: return on equity (ROE) to reflect growth and profitability; the debt coverage ratio to represent the likelihood of default; and the accruals - to - average - total - assets measure defined by Sloan (1996) to quantify possible accounting red flags.12 To arrive at company - specific quality measures, we used the simple arithmetic average of each stock's percentile rank for these three variables.

Starting from the bottom: with regard to Argentina — there is no mention of the military junta in the mid-70s, nor the 30,000 (at the least) torture and killed, nor of the mothers and grandmothers walking for 20 or more years in silence protesting the killings in a Bueno Aires plaza, nor is there is mention of the billions of dollars of US military aircraft and other weapons (as well torturing equipment for sending high to low charges of electricity through various parts of the body (private parts though preferred, as they say), but sold to the junta in power which weighs heavily in the total external debt, nor of the wholesale and retail sale of government agencies or corporations, and of the rights of water (in the 1990s), and the default of the government on various debts and contracts: 40 or more cases before the courts and ICSID — seems the sanctity of the contract and personalty of the international organization is a barrier to putting an end these very crooked and immoral business transactions, etc..