Tag #Debt Restructuring

Showing 13 to 24 of 27 results

kathimerini.gr
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Greek Debt Servicers' Positive Economic Impact

Greek debt servicers have normalized over €40 billion in loans since 2017, facilitating over 140,000 settlements in 2024 alone, returning €3 billion to the Greek government and boosting economic activity by enabling debtors to regain financial stability.

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56% Bias Score

Reduced Inequality
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Unveils Multi-Pronged Debt Relief Package to Boost Economic Stability

China's 10 trillion yuan debt swap program aims to alleviate local government debt, focusing on accelerating debt swaps, reforming financing vehicles, and preventing hidden debt, with 2.96 trillion yuan in bonds issued as of Wednesday, resulting in projected interest savings of over 200 billion yuan...

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40% Bias Score

Reduced Inequality
cincodias.elpais.com
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Moody's Downgrades Telefónica Perú Credit Rating Amidst €1.241 Billion Debt Restructuring

Moody's downgraded Telefónica Perú's credit rating to CCC.pe due to its insolvency filing to restructure a €1.241 billion debt, mainly owed to the Peruvian tax authority and bondholders, following 2024 net losses of €872 million.

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40% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
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Telefónica Perú Files for Bankruptcy Amidst Mounting Losses and Tax Disputes

Telefónica Perú declared bankruptcy in 2024 due to a net loss of 3.391,59 million soles (872 million euros), a 452.83% increase from the previous year, primarily caused by long-standing tax disputes with SUNAT totaling 2.473 million soles (634.5 million euros) and high competition.

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40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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Greece Expands Debt Relief Program for Vulnerable Households

Greece announced six measures to improve private debt resolution, including doubling income/asset limits for out-of-court debt settlements and extending the deadline for the primary residence protection program, impacting thousands of vulnerable households and aiming to reduce the €67 billion privat...

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48% Bias Score

No Poverty
welt.de
🌐 75% Global Worthiness
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Baywa Announces Restructuring Plan to Address Billions in Debt

Baywa, a heavily indebted German conglomerate, is restructuring to address billions in debt accumulated through rapid expansion. The plan includes selling its 48% stake in Raiffeisen Ware Austria for €176 million by end of March 2025 and cutting 1,300 jobs (16% of its German workforce) to achieve fi...

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Thames Water Wins Debt Lifeline Appeal, but Challenges Remain

Britain's largest water supplier, Thames Water, secured a £3 billion debt lifeline after appeals were dismissed, avoiding immediate state intervention but facing continued challenges over high interest rates (9.75 percent), environmental mismanagement, and public backlash.

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48% Bias Score

Clean Water and Sanitation
t24.com.tr
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Beşiktaş to Raise Capital to Exit Banking Consortium Agreement

Beşiktaş JK will increase its capital by TL 4.8 billion to exit a debt restructuring agreement with a banking consortium, aiming to generate TL 9.6 billion, with most funds allocated to debt repayment by May.

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32% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Thames Water Secures £3 Billion Lifeline, Averts Nationalization

A British court approved a £3 billion debt lifeline for Thames Water, Britain's largest water supplier, preventing its immediate nationalization and providing funding until May 2026; however, the deal faced opposition and highlights challenges within the privatized water industry.

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40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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Bensons Property Group Averted Liquidation in $811 Million Creditors Deal

Creditors approved a rescue deal for the Australian property developer Bensons Property Group (BPG), accepting half the $811 million they were owed to prevent the company's liquidation. The deal involves a $480 million family investment over three years, safeguarding a $1.5 billion project pipeline ...

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52% Bias Score

Decent Work and Economic Growth
abcnews.go.com
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Sri Lanka's President Vows to End Economic Crisis Within Five Years

Sri Lanka celebrated its 77th Independence Day on Tuesday, with President Anura Kumara Dissanayake promising to overcome the country's economic crisis, triggered by an $83 billion debt, within five years, after securing a $2.9 billion IMF bailout and completing debt restructuring.

Progress

36% Bias Score

No Poverty
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Unveils 10 Trillion Yuan Debt Relief Package

China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...

Progress

48% Bias Score

Reduced Inequality

Showing 13 to 24 of 27 results