The optimal outcome is that you get paid principal & interest to the stated maturity from this bond that is deep
in junk territory, CCC + / Caa1 - rated, where the proceeds of the deal don't increase the value of the firm, but are paid as a dividend to the equity holders.
Not exact matches
The Medicis deal, financed through debt, has bumped the company's debt level to more than $ 7 billion, or a 4.2 debt ratio, forcing Moody's to put Valeant's debt — already
in junk bond
territory — under review for a downgrade.
Moody's Investor Service downgraded Tesla's debt into
junk territory back
in March, warning at the time that Tesla didn't have cash to cover $ 3.7 billion for normal operations, capital expenses and debt that come due early next year.
At its peak, Teck had more than $ 7 billion
in debt outstanding, which caused its leverage ratio to rise, resulting
in the company not only losing its investment - grade credit rating but getting downgraded deep into
junk territory.
In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into junk territory on May 1, citing widening concern about the outlook for inflation amid a sell - off in the Turkish lira currenc
In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into
junk territory on May 1, citing widening concern about the outlook for inflation amid a sell - off
in the Turkish lira currenc
in the Turkish lira currency.
Early on
in the dating journey, I recommend that you accept their existence (much like we do
junk mail) and that unfortunately they come with the
territory, and then proceed to ignore / delete / block them and report them to the dating website if necessary.
The U.S.
territory also is grappling with $ 70 billion
in debt, ratings firms have downgraded its bonds to one notch above
junk and investors fear it could default on its obligations.