DUBAI, United Arab Emirates – (AP) Dubai has “insufficient” funds to pay back billions of dollars worth of debt coming due, an analyst at credit rating firm Standard & Poor’s said Sunday, putting added pressure on the struggling city-state to raise additional cash. The sheikdo
Also tagged bankruptcy law center, credit-rating, debt-coming, dubai, pressure-on-the, raise-additional, sunday, the-struggling, unitedNEW YORK – (AP) The number of global corporations defaulting on debt obligations is running nearly four times the pace of last year, Standard & Poor’s said Friday. The ratings agency said the year-to-date tally of defaults this week reached 211 after Tishman Speyer Real Estate and TLC V
Also tagged 211-after, estate, four-times, friday, last-year, pace, ratings-agency, said-the-year, times, tishman, tishman-speyer, week-reached, year, yorkNEW YORK – (AP) Credit ratings agency Standard & Poor’s on Friday cut several ratings on automakers General Motors Corp. and Chrysler LLC, citing their prospects for bankruptcy and the tough auto market.
Also tagged chrysler, credit, font, friday, prospects, ratings-on-automakers, size, the-tough, tough, yorkThe courts of appeals do not agree on the standard for issuing an injunction to stay litigation against a nondebtor party. Many lower courts have followed the lead of the Fourth Circuit in granting a section 105 injunction against litigation that interferes with the reorganization of the debtor.
Also tagged a-nondebtor-party-, a-section-105, fourth, fourth-circuit, interferes-with, lead, the-debtor-, the-lead