Latest News for: Junk debt

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Franklin Cudjoe questions transparency of President Mahama’s use of brother’s private jet

Business Ghana 22 Jan 2025
“Can Hon ...   ... He drew a comparison to the previous administration’s Finance Minister, who, despite claiming not to draw a salary, presided over a period that left Ghana grappling with a debt crisis and a junk-rated economy.   ... .
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Vedanta seeks $450 million to repay top-performing junk bonds

The Times of India 10 Jan 2025
... 80% return as Agarwal worked to reduce the group's debt.
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The next global financial crisis is closer than you think

Cryptopolitan 04 Jan 2025
Debt, geopolitical tensions, and sensitive markets have created a dangerous time bomb that could detonate in 2025 ... Half of this debt is rated just a hair above junk status, meaning one bad quarter could send these companies spiraling.
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Carvana stock tumbles after inflammatory report alleges financial improprieties

Azcentral 03 Jan 2025
A recent surge in Carvana shares had put the company’s stock valuation much higher than that of rivals, including CarMax and AutoNation, despite Carvana owing $4.8 billion in net debt and a low-quality junk rating on its bonds, Hindenburg said ... Bush.
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Satellite bailout leaves Britain nursing losses as shares plunge to record low

The Daily Telegraph 27 Dec 2024
... rival with access to capital and debt markets that could take on Mr Musk ... Last week, analysts at S&P downgraded the company’s debt rating, pushing it further into junk territory with a B grade.
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How Detroit and its top downtown employer shed their 'junk' ratings in 2024

Detroit Free Press 24 Dec 2024
Got junk? ... Debt issued with such ratings carries the "junk" nickname, which was popularized in the 1980s ... Detroit's ratings had been in junk territory since 2009, when the city was on the path to its 2013-14 municipal bankruptcy.
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A midcoast boatyard can’t sell off its abandoned vessels

Bangor Daily News 20 Dec 2024
Garrity, the officer manager, said that trying to sell the boats is a last resort before junking them. Before it gets to that point, the boatyard repeatedly reaches out to owners to ask them to recover them and settle any debts ... ....
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ELAM: Throw the bums out

Odessa American 13 Dec 2024
When everyone thinks junk rated debt is just as good as investment grade, the concept of risk has been dismissed. At market lows such as 1982, 2002, and 2009 spreads were huge as junk debt defaults and is recognized for what it is, junk.
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How IMF bureaucrats golf at posh DC-area country club — on US taxpayers’ dime

New York Post 12 Dec 2024
The IMF lectures governments worldwide on how to manage their economies, demanding harsh austerity measures from debt-laden nations such as Greece. In July 2021, its experts told Joe Biden to junk all ...
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US Junk-Bond Market Is Increasingly Just for Refinancing Itself

Canoe 11 Dec 2024
(Bloomberg) — Companies are increasingly using the $1.4 trillion US junk-bond market to refinance existing debt, while new borrowing is happening more in private and leveraged loan markets.Advertisement 2.
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House approves $895B defense bill with military pay raise, ban on transgender care for minors

Journal Gazette 11 Dec 2024
But debt collectors are gaining ground ... In his book Debt ... The company tacks on accrued interest and junk fees and tries to collect on debts purchased for pennies on the dollar from cable companies, hospitals, and credit card companies, among others.
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Biden administration finalizes new regulations amid GOP repeal threats

The Spokesman-Review 11 Dec 2024
The Biden administration is preparing new rules that would limit “junk fees,” cap bank overdraft charges and shield Americans from medical debt, as officials race over the next six weeks to finalize the remainder of the president’s economic agenda.
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Rahm Emanuel 'not interested' in DNC chair, but far from done with politics

Chicago Sun-Times 04 Dec 2024
Gen ... Related ... The pension deficit grew by $7 billion, and then our credit rating was junk status. That was the so-called business mayor, where pension debt grew, property taxes increased, and the thing that he was supposed to have solved, he didn’t ... ....
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Mexican government looking for alternatives to reactivate AHMSA

SteelOrbis 02 Dec 2024
If Moody's downgrades, Mexico's sovereign rating would be one step above the so-called junk or non-investment grade bonds. If Mexico loses its investment grade, the cost of debt will have to pay a ...
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What will Trump and GOP Congress do to the Consumer Financial Protection Bureau?

Raw Story 25 Nov 2024
However, as the Post noted, "its current Democratic leader, Rohit Chopra, has been aggressive" in his fights for consumers, working to get medical debt off credit reports and crack down on "junk fees" ...

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