Capital Markets Corporate Debt As Russian companies strive to cope with higher borrowing costs and a shortage of dollars and euros to
repay foreign debt, emerging markets bonds are coming under increasing scrutiny by investors.
Not exact matches
Sovereign
debt securities are subject to various risks in addition to those relating to
debt securities and
foreign securities generally, including, but not limited to, the risk that a governmental entity may be unwilling or unable to pay interest and
repay principal on its sovereign
debt.
With the weakening of the lira against the dollar, the private sector will have a harder time
repaying its
foreign currency - denominated
debt, S&P said, adding this would negatively impact government
debt — 40 percent of which is denominated in
foreign currency.
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.
Policies imposed by the International Monetary Fund, whose loans most nations seek as a last resort, are designed to accumulate
foreign exchange with which to
repay debt.
There's chapter 11, which businesses and wealthy folks use to reorganize
debts and stay afloat, and there's chapter 13, which lets the debtor keep their property as they
repay what they owe, not to mention other chapters for fishermen and
foreign debts.
These investments are subject to the risk that a governmental entity may delay or refuse to pay interest or
repay principal on its sovereign
debt, due, for example, to cash flow problems, insufficient
foreign currency reserves, political considerations, the relative size of the governmental entity's
debt position in relation to the economy or the failure to put in place economic reforms required by the International Monetary Fund or other multilateral agencies.
Other programs are available for borrowers who want to consolidate
debt and can
repay the loan but don't have sufficient cash reserves or
foreign nationals without a credit history.
Sovereign
debt securities are subject to various risks in addition to those relating to
debt securities and
foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and
repay principal on its sovereign
debt, or otherwise meet its obligations when due.