This reflects our assessment of the entity's very strong legal status, control and oversight, strong level of historical financial support, and strong socio-political and very strong financial implications of a potential default
. This assessment translates into an overall support score of 45 under Fitch's GRE criteria and the application of an 'equalised' approach, without assessment of the entity's standalone credit profile.
Pakistan sought help from friendly nations to arrange funds in order to avoid a potential default
on foreign liabilities after which Saudi Arabia and UAE agreed to lend $6bn and $3bn to help the country out of the balance of payment crisis.
It implied that Lebanon could face a potential default
in the next two to three years if the status quo did not improve.
To measure and manage your risk, you need to do three things: define and quantify the company's financial distress, understand the time horizon of the risks you're taking on and learn the drivers of potential default
. At Kamakura Corp., we are strong advocates of using quantitative tools--specifically, reduced form models-to answer these questions.
(the "Company") notes that a further potential default
has occurred under the Company's USD 300,000,000 5.00 per cent Convertible Bonds due 2020 of which USD 204,400,000 in principal amount remain outstanding (ISIN: XS1220076779, SEQ01 PRO EC) issued by the Company in April 2015 (the "Bonds").
In conjunction with the Offers, PHH is soliciting (the "Consent Solicitations") consents ("Consents") from registered holders ("Holders") of the Notes to (i) amend the indentures which govern the Notes ("Indentures"), (ii) consent to any and all of the transactions relating to or contemplated by the Sales (as defined in the Offer to Purchase and Consent Solicitation Statement (as defined herein)) and (iii) waive any potential default
that may occur resulting from the Sales ((i), (ii) and (iii), collectively, the "Proposed Actions").
The company evaluated the potential default
losses based on Jinzhong Houfeng Trading Co., Ltd.'s financial position and counter-guarantee collateral and accrued about USD3.2 million as provision of guarantee losses.
investors, who are increasingly concerned about a potential default
, as mildly positive but still vastly insufficient to help Venezuela make some $10 billion in debt payments amid a major cash crunch.
As a wholesale bank registered in Bahrain, Bank ABC has concentrations in its asset base that make it vulnerable to a potential default
of a large exposure.
With Greece fast approaching a potential default
on June 30 and amid signs that Greeks are withdrawing money from their banks, officials acknowledged that a Greek exit - or Grexit - from the euro was now being discussed.
We assure our stakeholders that the terms and conditions are standard and not out of the ordinary, and that we are adequately protected from potential default
, BDO said.