Sentences with phrase «junk status shows»
The drop to junk status shows that the company could quickly run into difficulties in paying its debts, especially as the company will see its cost of capital increase and its financing options shrink as a result of the downgrade.
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In fact, it seemed to take the worst news possible — like Junk Status downgrades — to spark life back into the Rand and trigger a significant strengthening, as the below Chart shows.