Debt levels in this model are specifically associated with different GDP growth levels, so that this model allows us to acknowledge that a country can safely service and
refinance higher debt levels if it is believed to have greater growth potential.
Not exact matches
One reason may be because of
high levels of
debt, but beyond that,
refinancing is simply a sensible idea.
IMN's current valuation could be ascribed to a company with major near - term problems, typical of those that burn considerable cash and have poor balance sheets characterized by
high levels of
debt and / or near - term
refinancings.