Sentences with phrase «widespread default on»

Not exact matches

A key part of the government, the island's sole utility company, PREPA, defaulted on interest payments to bondholders in July of this year, Vox reports, leading to widespread power outages.

But in its core function, what the Azure Network does is it provides a widespread and stable option for developers to rely on as opposed the default situation where developers are faced with the expensive and herculean task of sorting out their own network of dedicated servers.

«Many years ago, a good borrower would avoid using strategic default because then you would have a stigma on your image that may impact your future borrowing power,» says David T. McLain, principal with Palisades Financial LLC, a commercial real estate lending and advisory firm based in Fort Lee, N.J. «What you are seeing now, when the downturn has led to widespread defaults, they are no longer fearful because their belief is that when the economy recovers, this will be overlooked and they will be able to borrow.»