Check out the 10 states most impacted by student debt: Total score: 21Student loan indebtedness ranking: 264.05Grant and student work opportunities ranking: 24 Total score: 219Student loan indebtedness ranking: 264.14Grant and student work opportunities ranking: 25 Total score: 64.64.14Student loan indebtedness ranking: 264.25Grant and student work opportunities ranking: 23 Total score: 220Student loan indebtedness ranking: 9Grant and student work opportunities ranking: 16 Total score: 62.35Student loan indebtedness ranking: 1Grant and student work opportunities ranking: 49 Total score: 62.83Student loan indebtedness ranking: 33Grant and student work opportunities ranking: 39 Total score: 62.92Student loan indebtedness ranking: 8Grant and student work opportunities ranking: 1 Total score: 64.05Student loan indebtedness ranking: 4Grant and student work opportunities ranking: 19 Total score: 64.14Student loan indebtedness ranking: 5Grant and student work opportunities ranking: 5 Total score: 64.25Student loan indebtedness ranking: 3Grant and student work opportunities ranking: 20 Ohio topped WalletHub's list of the states most impacted by student debt, in part due to its high levels of student loan indebtedness.
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"The key vulnerabilities include Canadian household indebtedness, asset imbalances and institutional indebtedness," the regulator said in a release.
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All existing indebtedness of Level 3 is expected to remain in place at Level 3 and Level 3 will not incur any incremental indebtedness or guarantee any indebtedness of CenturyLink to finance the transaction.
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The report named three key vulnerabilities to the financial sector - household sector indebtedness, dairy sector indebtedness, and exposure to international risks.
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The senior bonds will constitute direct, unconditional, unsecured and unsubordinated general obligations of MUFG and rank pari passu without any preference among themselves and with all of its other unsecured indebtedness, other than subordinated indebtedness and except for statutorily preferred indebtedness.
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The senior bonds will constitute direct, unconditional, unsecured and unsubordinated general obligations of MUFG and rank pari passu without any preference among themselves and with all of the group's other unsecured indebtedness, other than subordinated indebtedness and except for statutorily preferred indebtedness.
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The bank said the key vulnerabilities to the financial sector - household sector indebtedness, dairy sector indebtedness, and the banking system's exposure to international risks - had remained "broadly stable" during the past six months.
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Capping rates at 15% would significantly reduce unintentional consumer indebtedness.
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UOP: Pay certain existing bank indebtedness and general corporate purposes.
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America's national indebtedness is as big a problem as ever.
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I'M CERTAINLY FOCUSED ON RISING INDEBTEDNESS IN THE CORPORATE SECTOR.
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I see America's growing indebtedness as a huge economic vulnerability.
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A growing concern of the managers has been corporate indebtedness.
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The notices do not accelerate its indebtedness, the company said.
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Nevertheless, after World War II our indebtedness began to rise.
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Fitch also remains cautious given record levels of consumer indebtedness.
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The increased domestic stability buffer indicates the regulator's view that Canadian banks were still vulnerable to factors such as household indebtedness, asset imbalances and institutional indebtedness and hence, should hold more capital for emergencies. bit.
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China's partial retreat has thrown into relief Ethiopia's indebtedness to Beijing.
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That brought Arik's total indebtedness to 147 billion naira ($484 million).
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That's pushed leverage massively above China's private indebtedness levels of 2008.
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COAMI's financing plan and indebtedness are closely monitored by its parent.
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In 10 years, we'll have about $35 trillion of federal indebtedness.
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These common sense requirements will limit the cycle of over-indebtedness.
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Areas where it improved include employment, interest rates and government indebtedness.
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These increases were partly offset by the redemption of certificates of indebtedness.
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But the reforms do little to address the root causes of indebtedness.
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Dong Yin's financing plan and indebtedness are closely monitored by its parent.
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Torun's ambitious investments in the past have resulted in fairly high indebtedness.
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Emerging market indebtedness, on the other hand, is growing across all sectors.
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Bacon rejected that strategy out of concern it would prolong her indebtedness.
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There are several conjectures over the causation of Puerto Rico's unsustainable indebtedness.
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Its financing plan and indebtedness are also closely monitored by the municipality.
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New York State Thruway Authority, $800 million of general revenue indebtedness bonds.
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He was infamous for his adulteries, his gluttony, and his constant indebtedness.
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This results in significantly lower levels of indebtedness than native-born Americans.
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It stressed the importance of its divestment plans to reduce its indebtedness.
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This structure also protects Loews from having any recourse indebtedness of its investees.
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Public sector indebtedness remains among the highest of 'AA' and 'AAA' range sovereigns.
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In 2018 concerns about over-indebtedness began to show up in financial markets.
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Its unemployment, poverty and indebtedness rates are lower and its house prices higher.
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Robust economic growth has supported the improvements in public indebtedness and external finances.
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It benefits from low private-sector indebtedness and a high household savings rate.
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We assume around GBP865m of GCG's existing indebtedness will become part of Ladbrokes.
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The deal is part of Petrobras' divestment program, which seeks to reduce indebtedness.
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Reality check: Chinese debt is not driving the vast majority of African countries' indebtedness.
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Energy and utilities are two other industries at risk from their levels of indebtedness.
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In turn, the use of the Holman rule can help mitigate future federal indebtedness.
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Some research even suggests that indebtedness contributes to the development of mental health problems.
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Analysts said this difference should attract investors although EPIF's indebtedness may cause some caution.
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The adviser used figures of indebtedness that had been double-counted in SolarCity's spreadsheets.
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Public sector indebtedness has continued to decline, reducing risks associated with the public finances.
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Almost 60 percent of suicides were caused by bankruptcy and indebtedness, the data showed.
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Indebtedness is the biggest danger and the greatest risk to prosperity on this continent.
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It was a stirring gesture and a fine reminder of America's indebtedness to Poland.
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OSU spokesman Gary Shutt said Thursday that the university&aposs bonded indebtedness totals $809 million.
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"The indebtedness of people is a problem for both society and the economy," Velickova said.
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House prices inflation averaged 9.4% in 2016, and high household indebtedness is a macroeconomic risk.
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Indebtedness, especially among the disproportionately large number of families headed by single mothers, is rife.
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Negative rating action could also stem from the municipality's weaker fiscal performance or higher indebtedness.
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Yet that crisis has receded, and not because the euro area resolved its indebtedness problem.
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Given Kelly's major indebtedness to 19493th-century French art, the award ceremony's location was fitting.
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KEY RATING DRIVERS The 'BB+' ratings reflect the region's satisfactory budgetary performance and low indebtedness.
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Finguerut said the indebtedness increases mills' production costs and delays investments that would improve operations.
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"The level of indebtedness of the GCC (Gulf Cooperation Council) nations is low," Azour said.
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The banks buy government debt, which finances the country's eye-watering public indebtedness, and deficits.
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Such investigations won't win votes, but it might actually bend the arc of student indebtedness.
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Evergrande will use the proceeds to refinance existing indebtedness and for capital expenditure, it added.
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The notes will rank pari passu with all other senior unsecured indebtedness of CNHI Capital.
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"Household indebtedness is the most significant vulnerability of the Finnish financial system," the watchdog said.
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Here's a chart that illustrates oil companies indebtedness: Now here is where it gets interesting.
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Growing indebtedness due to higher credit card bills, higher mortgage repayments and higher student loans.
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Commercial paper notes are promissory notes ranking equally with Ontario's other unsubordinated and unsecured indebtedness.
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"A significant percentage of this indebtedness has been contracted in foreign currency," the decree said.
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"The dangers of AB InBev's indebtedness have been overstated," Jones wrote in a note to clients.
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In our view, high household indebtedness and house prices pose risks to macroeconomic stability in Sweden.
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K. household indebtedness remains high by historical standards and has begun to rise relative to incomes.
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More people have been borrowing for higher education, and their average indebtedness has grown as well.
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That took indebtedness close to 35 percent of GDP, up from 15-20 percent pre-crisis.
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Increases in indebtedness of that magnitude have been a forerunner of financial woes in other countries.
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Doubts about indebtedness also increased: a record share of surveyed investors said companies are excessively levered.
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All suffer from weak macro policy, high foreign exchange corporate indebtedness and significant current account deficits.
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The stimulus risks increasing once again corporate sector indebtedness and, more generally, reversing progress in deleveraging.
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Of particular concern has to be the over-indebtedness in key regions of the global economy.
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The island, with $74 billion of bond indebtedness, filed for a form of bankruptcy in May.
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It's amazing how that will create this sense of indebtedness that becomes implied in the shoot.
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Private sector indebtedness is moderate, there is a sustainable pension system, and government yields are low.
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RATING SENSITIVITIES The following factors may, individually or collectively, result in positive rating action: -A continued reduction in government indebtedness; and -A continued reduction in external indebtedness and evidence that the economy is resilient to the impact of Brexit and potential shifts in international corporate taxation rules.
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But Chinese infrastructure investment has been mostly debt-funded, fuelling concerns about rising levels of corporate indebtedness.
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How does government debt affect long-run economic growth (and how does fiscal stimulus affect government indebtedness)?
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Bafin said in a statement that once Maple Bank made some necessary tax provisions, over-indebtedness loomed.
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Financial costs were up 35 percent during the quarter, mainly because of larger indebtedness, the company said.
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I verified the relationship between this deindustrialization and indebtedness with advanced statistical methods in a recent paper.
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Thus, if there is a relationship between PAN participation and indebtedness, it would be an inverse one!
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Disposable income levels are being squeezed by rising inflation and unemployment, higher indebtedness and increased borrowing rates.
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The opposition is against Argentina's return to the global bond market, fearing a steep increase in indebtedness.
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" Mr. Olson allowed that the case concerned "over $100 billion of indebtedness being adjudicated in various procedures.
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Philanthropic efforts, while not the solution, can at least set a model for dealing with student indebtedness.
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"Brisbane is not Mogadishu ... but we would be going back to homelessness, jobless and indebtedness," he added.
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Ireland also got high marks in other areas like government indebtedness, income per capita and air quality.
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The notes outstanding under the CP program will rank pari passu with IPG's other unsubordinated and unsecured indebtedness.
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Our thought bubble, via Axios' Felix Salmon: Credit cards are one of the most insidious forms of indebtedness.
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"The stimulus risks increasing once again corporate sector indebtedness and, more generally, reversing progress in deleveraging," it said.
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Schaeuble also said that he believed that there was an excess of liquidity and excess of indebtedness internationally.
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The recently announced supervisory measures should help address the risks associated with high and rising levels of indebtedness.
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Municipality's Creditworthiness: Negative rating action could stem from a weaker fiscal performance or heightened indebtedness of the municipality.
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For years, Puerto Rico has faced a mounting fiscal crisis as a result of its overspending and indebtedness.
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A rising population, shrinking farm plots and increasing indebtedness among farmers have all hit India's vast rural hinterlands.
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He said the deal would not increase the country's indebtedness, but rather provide a substitute for issuing bonds.
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Because right now, the indebtedness is growing faster than the economy is growing, and so that's a problem.
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The notes will be structurally subordinated to all indebtedness and other liabilities (including trade payables) of Bogota's subsidiaries.
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How highly leveraged the firm is will also be considered, given China's desire to control its level of indebtedness.
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Jinmao says the proposed securities will be used for refinancing outstanding indebtedness, working capital and other general corporate purposes.
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UBER TECHNOLOGIES INC - AS OF DEC 31, 2018, CO HAD TOTAL OUTSTANDING INDEBTEDNESS OF $7.5 BLN AGGREGATE PRINCIPAL AMOUNT
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The rise in indebtedness did not make it more difficult for borrowers to meet their monthly payments last quarter.
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The notes are subordinated to all senior indebtedness of Sumitomo Life and rank pari passu with foundation funds (kikin).
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She said the unit's total indebtedness in dollars was $120 million, with around $64 million owed to its parent.
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A review by the European Commission found that rate limits were unlikely to cut the level of over-indebtedness.
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Orr said current LVR settings have been successful in reducing some of the risks associated with high household indebtedness.
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"Research points to a number of links between high indebtedness and the risks of severe recessions," the group said.
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Strict limits on government spending, a reaction to excessive indebtedness in countries like Italy and Greece, are being relaxed.
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The alliance-building has made it possible to address structural issues such as persistent indebtedness, women's insecurity and displacement.
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The heavy indebtedness means that ordinary Australians are penny pinching at a time when wages growth is painfully slow.
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You know, there's been a lot of coverage lately on the increasing indebtedness on the part of corporate America.
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China has gone without foreign money that would have helped it meet its own goal of cutting overall indebtedness.
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Indebtedness has risen steadily for more than four years and sits more than 21 percent above a trough in 2013.
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Its ratings strengths are balanced by a high level of external indebtedness and dependence on commodities and Chinese demand, however.
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China's "shadow banking" system is masking the rise in indebtedness in China, Moody's Investors Service said in a report Wednesday.
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Mr Xi remains well aware of the need for reform; on July 15th he repeated warnings about indebtedness at SOEs.
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The 2017 TransUnion Consumer Credit Index, which measures borrowing and repayment, notes a "marginal" improvement in the level of indebtedness.
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Reduction of household indebtedness would be "painful" for Canadians but the government could help smooth the process, CIBC's Mendes said.
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A sustained decline in bond yields could push up government debt levels and increase general indebtedness, the ratings agency cautioned.
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The credit agreement allows carve-outs for indebtedness composed of unsecured guarantees that are expressly subordinated to the credit facility.
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The company will benefit from the injection of new equity capital following the IPO and materially lower indebtedness post recapitalisation.
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THERE IS STILL A HIGH LEVEL OF INDEBTEDNESS IN THE PRIVATE SECTOR, BUT AGAIN, THEY'RE VERY MUCH AWARE OF THAT.
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KEY RATING DRIVERS The UK's ratings balance a high-income, diversified and advanced economy against comparatively high public sector indebtedness.
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"The proceeds from the Notes Issue are intended to be used for re-financing the group's existing indebtedness," it said.
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The unrated notes were sold to raise funds for "repayment of certain indebtedness and general corporate purposes," the termsheet said.
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A downgrade could also result from the municipality's weaker fiscal performance or increased indebtedness, leading to deterioration in its creditworthiness.
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The world does not need more debt and more inflation to counter trends of declining population growth and high indebtedness.
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I also need to know what these tax cuts will cost this country in terms of indebtedness to foreign banks.
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Its financing plan and indebtedness level are closely monitored by the government, which also appoints the senior management of the company.
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The financial discipline law establishes prudential rules for financing by government entities while limiting indebtedness and promoting greater transparency and accountability.
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Euratom's indebtedness (EUR0.3bn at end-2015) is dedicated to on-lending to MS or neighbouring countries to finance nuclear power projects.
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Household indebtedness is high at 2646% of disposable income; however, low interest rates have minimized the debt service burden to date.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the government, leading to deterioration in its creditworthiness.
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Four of the five states with the lowest indebtedness per head are in the south: Saxony, Bavaria, Baden-Württemberg and Hesse.
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"We are making good use of currency reserves," and that will help reduce internal indebtedness, Guedes said at an energy conference.
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Carpetright also wants to raise 60 million pounds through an equity issue to reduce its indebtedness and fund the restructuring plan.
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Three years later, it established a new overall limit on bonds, notes, certificates of indebtedness and other forms of government debt.
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Bafin last month closed the German operations of Canada's Maple Financial on impending financial over-indebtedness related to tax evasion investigations.
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Huafa's board of directors are mostly appointed by the municipal government, which also closely monitors its financing plan and indebtedness levels.
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What stops them rising higher are the onerous demands of Swedish regulators and politicians plus the risk of rising household indebtedness.
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Incomes crashed and distress mounted among farmers, a group in India already affected by high suicide rates because of mass indebtedness.
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The IMF has said it cannot participate in a program which could keep Greece in a never-ending cycle of indebtedness.
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High indebtedness limits France's ability to deal with fiscal or economic shocks and constitutes the main weakness to France's sovereign rating.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration in its creditworthiness.
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That equates to 390% of developed markets GDP, with most of the increase driven by a sharp lift in public sector indebtedness.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the prefectural government, leading to deterioration in its creditworthiness.
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Other critics say the Sri Lankan government signed up for unnecessary and loss-making projects, pushing the country into long-term indebtedness.
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The Bank of Canada said last week that households' vulnerabilities to an economic shock had increased, in part because of elevated indebtedness.
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It noted that NPAs in the banking space have grown on account of slow growth and increasing indebtedness seen in some sectors.
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The slowdown in China has also raised concerns of rising indebtedness of local governments as they ramp up measures to support growth.
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For example, they proposed term limits on political office and that laws regarding indebtedness are applied equally to the rich and poor.
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That's nearly 11 percent of all outstanding household debt, and second only to mortgages ($22008 trillion) as a form of personal indebtedness.
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If it is ruled a suicide due to the farm crisis or indebtedness, the widow or the family gets 100,000 rupees ($1,500).
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the government that leads to deterioration of its creditworthiness.
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SoftBank's rapidly growing investments continue to cause investor headaches in valuing the business, while also raising concerns about returns and SoftBank's indebtedness.
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But in January Mr Powell signalled that the central bank would put further rate rises on hold, and worries about indebtedness faded.
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"Most people have responded positively, either by expressing that they found it funny or by commiserating with the indebtedness aspect," Kennedy explained.
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BFA's VR also reflects low double leverage of 86% at end-0003H16 and manageable indebtedness given the institution's stock of unencumbered assets.
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Carpetright wants to raise 60 million pounds ($83.5 million) through an equity issue to reduce its indebtedness and fund the restructuring plan.
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For all her documented love for and indebtedness to David Bowie, it just served as another reminder of how inimitable he was.
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The net proceeds will be used for general corporate purposes of SLF, which may include investments in subsidiaries and repayment of indebtedness.
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The result has been an uptick in investment and a willingness to lend to Egypt (even though public indebtedness is extremely high).
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Transition to Unsecured Funding Model: As of 2Q17, approximately 80% of GPT's outstanding indebtedness is unsecured, up from 65.3% as of Dec.
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Politicians have often promised to waive farmers' loan repayments, but have not addressed the underlying reasons for their chronic indebtedness, Tiwari said.
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As part of the turnaround strategy, Liquid Telecom has already reduced Neotel's indebtedness and is in the process of restructuring the businesses.
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Though the move signaled Pakistan's growing concern over its indebtedness to China, it means the dam project has no major foreign lender.
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So, they're going to begin with this big indebtedness, and that's going to make it very difficult for our economy to recover.
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S&P cut Oman's long-term foreign and local currency sovereign ratings to 'BB-' from 'BB', citing higher external risks and indebtedness.
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Earlier this month Bafin closed the German operations of Canada's Maple Financial on impending financial over-indebtedness related to tax evasion investigations.
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The report noted that local residents often expressed their indebtedness for the "gushing springs of generosity" they had received — a sentimental adage.
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President Xi Jinping convened top officials in Beijing last week for a conference about financial overhauls, calling for limits on corporate indebtedness.
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The prospect of extreme economic dislocation, or destitution-level indebtedness, remains a reality for ordinary people who face serious health care crises.
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BFA's VR also addresses its moderate double leverage of 90% at end-2015 and manageable indebtedness given its stock of unencumbered assets.
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Greece has been grappling with years of austerity and indebtedness, and Turkey has suffered a dramatic currency collapse and double digit inflation.
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The Federal Reserve Bank of New York will hold a news briefing on trends in household borrowing and indebtedness at 10:00 a.m.
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A downgrade could also stem from a weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration in the sponsor's creditworthiness.
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Corporate indebtedness has ballooned in recent years, with companies now carrying a $9.1 trillion debt load compared to just $4.9 trillion in 2007.
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Household indebtedness is developing in line with income, so that the debt- to-income ratio is broadly stable - it was 13% in 2Q16.
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Coupled with stagnating wages nationwide, the exploding indebtedness of younger generations is a yoke that some may never be able to take off.
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" When the price of oil fell, it left the government "with no savings and no access to financial markets because of over-indebtedness.
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The group sold a 2700-day bond carrying an 242 percent coupon at par for "general corporate purposes and refinancing existing indebtedness overseas".
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They have refused to negotiate until it signs up to an IMF programme and allows a full (and independent) audit of its indebtedness.
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"We prefer the quality factor and defensive sectors that feature high profitability, stable earnings and low indebtedness, such as pharmaceuticals," the note explained.
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If economists had been watching other metrics, too, like indebtedness, they would have had an earlier warning of trouble ahead, the commission wrote.
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"If it happens within three years again, then they are unable to cope, so they are in a series of indebtedness," she said.
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Guido Lorenzo, an economist at local consultancy ACM, said it would be a risk if Leliq indebtedness grows faster than the peso depreciates.
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China's Ministry of Finance regularly issues policies and directives to restrict debt raising through LGFVs to control public indebtedness and reduce moral hazard.
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Macro risks within the regional banks' operating environment remain elevated due to high and rising household indebtedness, mounting underemployment and low wage growth.
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Despite the expected decline in the debt ratio, government indebtedness remains around double that of the 'AA' median (42.3% of GDP in 2016).
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Meanwhile Jeroen Dijsselbloem, president of the Eurogroup, told CNBC that Europe's banking sector was strong despite high levels of indebtedness in the sector.
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He also said that Congress had tacitly encouraged the purchasing of Puerto Rican debt and that Puerto Rico had a history of indebtedness.
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Italian builders complain that rising indebtedness and weak infrastructure spending have eroded their ability to compete against major foreign firms as head contractors.
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One component of the idea of reciprocity is that friendly acts create a feeling of indebtedness, which compels us to repay in-kind.
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Last year, German financial watchdog BaFin closed the German operations of Maple Bank due to over-indebtedness relating to the tax evasion investigations.
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Total indebtedness over the past year or so has stopped its meteoric rise, according to a study that Moody's Investors Service released Thursday.
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That's because short-term consumer debt in China has begun to surge as authorities try to alleviate the high levels of corporate indebtedness.
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As it has elsewhere, that activity has raised concerns about Chinese influence, its effect on governance, and local governments&apos indebtedness to Beijing.
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Another source of uncertainty is the outlook for household consumption, which has held up so far despite weak income growth and high indebtedness.
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The notes will be secured by first-priority security interests in all of the equity interests of Trilogy in the guarantors and Trilogy's equity interests in the co-issuer along with a pledge of any intercompany indebtedness owed to Trilogy or any guarantor by 21500degrees or its subsidiaries or any indebtedness owed to the company by any minority shareholder in 21000degrees.
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The company's board members are all appointed by Hefei Municipal Committee and its financing plan and indebtedness are also closely monitored by the government.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the city, leading to deterioration to Fitch's assessment of is creditworthiness.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration to Fitch's assessment of is creditworthiness.
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That enables economists (like those at Morehouse, perhaps) to conduct an analysis 10-15 years from now comparing the incomes, indebtedness, graduate attainment, etc.
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"A very weak labor market backdrop and still high levels of household and corporate indebtedness should limit the strength of the recovery," Ramos said.
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Yet research suggests that indebtedness doesn't actually motivate the kinds of pro-social actions that she (and we) would like to see more of.
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Fitch expects the net proceeds will be used to repay all of the outstanding indebtedness under the credit facility and for general corporate purposes.
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Government critics and the opposition say the appetite for Chinese credit risks dragging the country back into the deep indebtedness of the mid-2000s.
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She only needs to muse the over-indebtedness of our over-leveraged federal government to see the bubble in bonds she has helped spawn.
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And when you do that, you simply increase your indebtedness in real terms, and make it more difficult to pay back what you owe.
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UPPSALA, Sweden Riksbank Deputy Governor Henry Ohlsson is speaking about household indebtedness and the economic situation at the BUS Conference in Uppsala 210400 GMT.
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UPPSALA, Sweden Riksbank Deputy Governor Henry Ohlsson is speaking about household indebtedness and the economic situation at the BUS Conference in Uppsala 0845 GMT.
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Despite the sharp improvement in debt dynamics, public sector indebtedness remains higher than both the 'A' and the 'BBB' medians (43.9% and 40.6%, respectively).
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration of Fitch's assessment of is creditworthiness.
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A downgrade could also stem from weaker fiscal performance or increased indebtedness at Jiaxing, leading to deterioration in Fitch's internal assessment of Jiaxing's creditworthiness.
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Brough said the in-principle agreement will reduce Noble's indebtedness to sustainable levels and in line with the company's size and range of activities.
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The three oil and gas companies have substantially reduced their indebtedness, while the three big banks have become ever less dependent on external financing.
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While virtually all countries witnessed soaring debt loads ahead of the credit crisis a decade ago, most have seen their indebtedness reduce over time.
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"The Bank of Canada has created a beast, which is high indebtedness and a housing market that is getting bigger and bigger," Rangasamy said.
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"In consumer lending, there is high indebtedness and ... it is growing at a rate far higher than the nominal increases in incomes," he said.
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Indebtedness has increased as more Australians speculate in the property market, particularly in Sydney and Melbourne where home prices have broadly doubled since 2008.
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Total indebtedness is now 14 percent above the 2013 trough of household deleveraging brought on by the 2007-2009 financial crisis and Great Recession.
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One of the reasons investors have kept buying corporate bonds is that, while some measurements of indebtedness flashed warnings, plenty of others did not.
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The bankrupt island's outstanding bond indebtedness is roughly $73 billion, or nearly $17,000 debt per capita, before Hurricane Maria struck the island in September.
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Structural factors continue to weigh on potential growth, in particular the country's high public and private indebtedness, adverse demographic trends and low investment rates.
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And, in particular, can it be done by the same government that has delivered hyperinflation, a deep recession, famine, higher indebtedness and political instability?
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In the absence of a global African project, such programs would only get mixed up in transcontinental corruption and prolong Africans' indebtedness and infantilization.
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But in the working class remade and discarded for the postindustrial age, there is an uptick in drug abuse, one-parent families, and indebtedness.
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This high level of indebtedness means that households are increasingly susceptible to higher unemployment and interest rates, although this is not Fitch's base case.
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Warren and Sanders want to forgive all student indebtedness when these loans constitute 6900 percent of the financial assets held by the federal government.
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Maybe the Fed needs extra tools — to impose limits on indebtedness, for instance, or to adjust monetary policy to serve measures of financial stability.
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But the banks' abilities to control risks were brought into question when growing indebtedness led regulators to intervene on fears of instability breeding turmoil.
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Mortgage interest: If you itemize, you can deduct the interest paid on the first $750,000 in mortgage indebtedness on loans taken out after Dec.
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High household indebtedness and rapid home price inflation in recent years mean that Canadian banks continue to be sensitive to a severe housing market correction.
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Inability to curb continuous growth of total indebtedness, accompanied by an increase in refinancing pressure and a negative operating balance, would lead to a downgrade.
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SPD's financing plan and indebtedness level are also closely monitored by the government, and it needs to report its budgetary performance on a regular basis.
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China is still enjoying sunshine: its campaign to curb indebtedness is in its early days and yet to have much negative impact on economic growth.
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"I would argue that it's very unlikely and the key reason is global indebtedness - that's where the big deflationary pressure is coming from," he posited.
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A downgrade may also stem from weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration of Fitch's internal assessment of its creditworthiness.
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KELLY EVANS: You mean the fact that in terms of the headline, we're now back at pre-crisis, you know, consumer indebtedness, let's call it.
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A downgrade could also stem from weaker fiscal performance or increased indebtedness of the municipality that causes our internal assessment of its creditworthiness to deteriorate.
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Thomas Jefferson's average student indebtedness, then about $137,000 — higher than that at Stanford Law School the same year — was among the highest in the nation.
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Household indebtedness remains high (around 243% of disposable income at end-2016), even though the overall debt-to-income ratio has been declining since 2009.
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In December, Chinese authorities reportedly were preparing to take control of the port because of Kenya's failure to service its total indebtedness of $5.3 billion.
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A downgrade could also stem from weaker fiscal performance or increased indebtedness of the government that causes our internal assessment of its creditworthiness to deteriorate.
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However, the subsidiaries have a working capital loan of USD40 million and have limited room for additional indebtedness within the terms of the proposed notes.
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Although it is part of the Florida State University System, New College students leave Sarasota with less indebtedness than any of the other state schools.
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Thomas Jefferson's average student indebtedness, then about $2125,2000 — higher than that at Stanford Law School the same year — was among the highest in the nation.
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Valeant's indebtedness stems from the serial acquisition of sometimes mediocre assets at inflated prices — if anything, Valeant will have to sell assets to reduce debt.
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Mr. McGill said the 1984 amendment was not all that mysterious if you considered that Congress had a long history of micromanaging Puerto Rico's indebtedness.
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Mortgage debt of $8.63 trillion, while up $258 billion from a year ago, represents a much smaller share of overall indebtedness than during the crisis.
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His faulty disclosures of his financial interests and foreign contacts and his indebtedness have most likely held up his clearance for more than a year.
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Ingves highlighted concerns that risk-taking could increase, that assets could become over-valued, and that indebtedness, particularly household borrowing, could rise to unsustainable levels.
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"It's mostly about compensation, indebtedness, major capital purchases or commitments, and major business agreements," said Carolan, who is the investment lead on Uber, among others.
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One-off measures will not do, says Ms Bansal: Sri Lanka needs properly enforced rules that prevent over-indebtedness and ensure fair treatment of borrowers.
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The RBA is worried that incomes are rising at a slower rate than the jump in household indebtedness, a trend that is hurting consumer spending.
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RATING SENSITIVITIES The following factors may, individually or collectively, result in positive rating action: -A continued reduction in government indebtedness -Reduction in external vulnerabilities, including evidence that the economy is resilient to Brexit and shifts in international corporate taxation rules The following factors may, individually or collectively, result in negative rating action: -Reversal of the downward trend in government indebtedness -Weaker economic performance, e.g.
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Bunge intends to use net proceeds from the issuance for general corporate purposes, including repayment of outstanding indebtedness such as borrowings under Bunge's revolving credit facilities.
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IHS Markit stated it intends to use the net proceeds from the offering for general corporate purposes which may include repayment of indebtedness or share repurchases.
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The PBOC has so far refrained from cutting benchmark interest rates, which would undermine its efforts to rein in high indebtedness and pressure the yuan currency.
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An official at industry group the Cambodia Microfinance Association (CMA) said all members followed the law, as well as CMA's lending guidelines to check over-indebtedness.
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"You have to include accordion facilities, permitted baskets, any additional permitted indebtedness and any committed revolving credit facilities, even if undrawn," the head of risk said.
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His preferred destination is emerging markets, which have suffered from high indebtedness and weak prices in commodities like the oil and industrial metals that they export.
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"We're worried about trade tensions, we're worried about the fact that many many lower income countries have now gone into a level of indebtedness," he said.
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The planned notes will be unsecured, ranking pari-passu to all existing and future unsecured indebtedness of the issuer that is not subordinated to the notes.
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The proposed amendments, if adopted, will provide R&F with more funding and operational flexibility to support its current expansion, though this would require higher indebtedness.
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A downgrade could also stem from weaker fiscal performance or increased indebtedness of the City of Lodz, leading to deterioration in the sponsor's internally assessed creditworthiness.
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"We have been concerned for some time … about the interplay between high levels of personal indebtedness and the housing market," Carney said at the news conference.
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Both businesses and households have taken a "more cautious" approach to risk decreasing the chances of another economic collapse caused by indebtedness, Berenberg private bank said.
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Bolton cites Zambia as an example, and indeed Zambia risks losing a great deal of its sovereignty and wealth because of its severe indebtedness to China.
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The company said on Tuesday it entered into an agreement with creditors representing over 72 percent of Ocean RIG's outstanding consolidated indebtedness for a financial restructuring.
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The price Apollo was offering could not be learned, although the sources said West Corp's indebtedness of more than $3 billion weighed on the deal negotiations.
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Maybe what pundits dismiss as the impulsive rage of young college students is actually an expression of powerlessness, as they anticipate a future defined by indebtedness.
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Because of the high indebtedness of the UK private sector, Fitch currently caps the VRs of domestic retail banks in the UK in the 'a' category.
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Bolton also said he thought "Russia and China are hedging" their support for Maduro because of concern about the Maduro government's indebtedness to Moscow and Beijing.
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However, high levels of moral hazard pervade China's financial sector, and banks are likely to feel pressure to support the government's policy objective of addressing over indebtedness.
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The chief of the Financial Supervisory Authority (FI), Erik Thedeen, said he would call in the heads of the country's major banks to discuss rising household indebtedness.
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A downgrade could also stem from a weaker fiscal performance or increased indebtedness of the province, leading to deterioration in Fitch's internal assessment of the sponsor's creditworthiness.
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The new deal "reduces the financial risk dramatically" and shows that "concerns about indebtedness and sovereignty have been and can be addressed", said Turnell, an Australian economist.
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In this original formulation, solidarity is a common identity underpinned by collective indebtedness and obligation, shared responsibility and shared risk, a state of interdependence and mutual aid.
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TransCanada debt-to-equity ratio, a sign of indebtedness, is high at 221.2 percent compared with an industry average of 67.15 percent, according to Thomson Reuters data.
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The region's contingent liabilities are limited to a single outstanding guarantee (for a negligible RUB8.7m at end-2015) and the low indebtedness of its public-sector companies.
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Nonetheless, the following risk factors could individually or collectively trigger positive rating action: - Continued reduction in external indebtedness and improved external liquidity supported by current account surpluses.
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In some cases, the level of indebtedness we see in Asia either equals or exceeds that of U.S. consumers, measured by household debt relative to disposable income.
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China's household debt-to-disposable income ratio, a gauge of indebtedness, has jumped 9 percentage points every year since 2015, driven by mortgages and other consumer debts.
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"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said in statement.
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SENIOR DEBT BG's debt ratings are aligned with the bank's Long-Term IDRs as these are senior unsecured obligations that rank pari passu with other senior indebtedness.
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WEDNESDAY, APRIL 223 UPPSALA, Sweden Riksbank Deputy Governor Henry Ohlsson is speaking about household indebtedness and the economic situation at the BUS Conference in Uppsala 0845 GMT.
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WEDNESDAY, APRIL 10 UPPSALA, Sweden Riksbank Deputy Governor Henry Ohlsson is speaking about household indebtedness and the economic situation at the BUS Conference in Uppsala 0845 GMT.
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BRF maintained the target of reducing indebtedness at a ratio of 4.35 times adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a measure of operating profit.
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The economy is more vulnerable because trade tensions threaten just as the federal deficit heads toward $1 trillion and corporate indebtedness is at an all-time high.
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We expect the IMF three-year Extended Credit Facility programme secured in June 212001 to support fiscal consolidation, ease liquidity constraints and help contain non-concessional indebtedness.
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Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said.
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It has previously gone through the same practise twice in 2014 and 2016 on existing bonds to raise indebtedness ratios, which both have been approved by bondholders.
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What other possible justification for the complete abandonment of Republican foreign policy orthodoxy dating to the Second World War could Trump have other than some secret indebtedness?
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"There are some shifts within the emerging markets debt market that counter balance that," Sheila Patel said in relation to growing indebtedness in countries such as China.
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These deals are spreading China Inc's indebtedness to foreign markets; the balance-sheets of its acquisition targets will become much more vulnerable to a downturn in growth.
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This indebtedness to both language and his physical embodiment is what gives the recordings such strength; they're so piercingly relatable that they almost become the body enfleshed.
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President Xi Jinping in recent days convened top officials in Beijing for a conference on financial reform, calling for limits on corporate indebtedness that is steadily rising.
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"Historically, sharp falls in asset prices combined with extensive private indebtedness have contributed to deep and long-term recessions", Riksbank Governor Stefan Ingves said in a statement.
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The rule gives lenders a choice to either ensure that borrowers can afford to repay their loans or observe guardrails that limit the level of consumer indebtedness.
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Increased total indebtedness with net overall risk above 220% of total revenue, accompanied by persistent refinancing pressure and a negative current balance, would lead to a downgrade.
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Capital Southwest Corp: * CAPITAL SOUTHWEST CORP- TO USE NET PROCEEDS FROM OFFERING TO REPAY OUTSTANDING INDEBTEDNESS UNDER EXISTING CREDIT FACILITY Source text for Eikon: Further company coverage:
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"The weakening of growth in 2018 reflects structural constraints to potential growth of the Portuguese economy, especially the high indebtedness of the private and public sectors," it said.
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Shimao's recurring EBITDA/interest coverage is also lower because of its lower indebtedness, as both companies generated similar rental and hotel revenue of around CNY2.3 billion in 2016.
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Guido Lorenzo, an economist at local consultancy ACM, said the danger was the central bank's rate of indebtedness outpacing the rate at which its dollar reserves are depreciating.
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In the period when he was mayor of São Paulo, his fiscal responsibility policies reduced the indebtedness of the largest city in Brazil without essential services being interrupted.
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The HKMA said the rise in foreign currency assets was mainly due to the issuance of certificates of indebtedness and mark-to-market gains on foreign currency portfolios.
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The PBOC has so far refrained from cutting benchmark interest rates, which would undermine its efforts to rein in high indebtedness and pressure the yuan CNY=CFXS currency.
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The indebtedness of India, and its annual budget deficits—both high by emerging-market standards—could largely be blamed on the profligacy of the central government in Delhi.
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Rapid credit expansion in the retail segment could expose the sector to asset-quality risks linked to higher borrower indebtedness and a significant share of foreign-currency lending.
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"Conciliation and mediation are compatible with bankruptcy, out-of-court, and insolvency proceedings as well as cases involving companies with high indebtedness," the prosecutor said in the statement.
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As indebtedness grew rapidly in China over the past few years, Chinese banks' ability to control risks was questioned and regulators intervened on fears of instability breeding turmoil.
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The HKMA said the rise in foreign currency assets was mainly due to the issuance of Certificates of Indebtedness and mark-to-market gains on foreign currency portfolios.
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A weaker fiscal performance or higher municipality indebtedness could lead to a lowering of Fitch's internal assessment of Zhenjiang's creditworthiness and thus trigger negative rating action on HanRui.
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Oscar's pet hamster Buffy speaks to him, in the voice of Isabella Rossellini, and it is his conversations with Buffy that reveal the film's indebtedness to Whedon's sensibility.
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In subsequent years, Emperor Akihito acknowledged Japan's indebtedness to Korean culture and his own Korean roots — another taboo in a country that has long treated Koreans as inferior.
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"There is little evidence that low interest rates have led to generalized increases in household indebtedness, supporting the view that the overall economic expansion is sustainable," it added.
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But Alibaba is operating against broader political and economic headwinds, and China is now reducing the indebtedness of its economy, mostly by cutting credit to the private sector.
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According to the group, emerging market indebtedness increased by $US40 trillion over the past decade, a significant acceleration on the $US9 trillion that was added in the decade before.
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Even as the size of holdings declined due to indebtedness and inheritance over the decades, demand for land for industrial and development use has increased as the economy expanded.
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The consolidation of America's recovery roughly coincides with the end of post-crisis deleveraging, and the resumption of growth in total indebtedness as a share of GDP (see chart).
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"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," the IMF said in a statement outlining the framework deal.
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The HKMA said the rise in foreign currency assets was mainly due to the issuance of certificates of indebtedness and the purchase of foreign currencies with Hong Kong dollars.
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I was told by an associate that they can contact our references if we cannot be reached BUT they gave personal information as far as my indebtedness to references.
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The IIF said the rise in indebtedness was largely down to a $3 trillion rise in debt levels across the developing world, which now have debt totalling $59 trillion.
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A weaker fiscal performance or heightened indebtedness of the regional government could lower Fitch's internal assessment of the autonomous region government's creditworthiness and trigger negative rating action on IMHCD.
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The effect is a poignant critique on the cultural appropriation of Native American culture by artists of European descent — in this case, Pollock's professed indebtedness to Navajo sand painting.
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Likened to a "social curse" by Qatari commentators and a "fever spreading from house to house", over-indebtedness among the much smaller local population is a raising national concern.
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"Clearly, things have gotten a lot worse in the last two months, with the indebtedness levels in emerging markets, the plentiful commodities and the tensions in Europe," he said.
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The telecom industry regulator said Etisalat Nigeria and its creditors have reached a resolution on key issues on the indebtedness and that a transition process had been mutually agreed.
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The IIF said the rise in indebtedness was largely down to a $203 trillion rise in debt levels across the developing world, which now have debt totaling $59 trillion.
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The company will use the proceeds to repay existing indebtedness of USD230 million and to inject up to USD0003 million into its subsidiary Cosan Logistica S.A's (Cosan Logistica) capital.
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"The lesson that China needs to internalize if it is to avoid a repeating cycle of credit growth, indebtedness, and corporate restructuring, is to improve corporate governance," he said.
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As indicated I fear that any monetary ammunition that is still available has partly become wet whereas the fiscal clout of many countries is limited due to high indebtedness.
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The high level of household indebtedness could pose a risk to the banking sector in the event of an increase in interest rates or an income or employment shock.
|
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The indebtedness of public companies has risen considerably in recent years, and debt explicitly guaranteed by the treasury rose to 7.4% of GDP in 2016 from 3.2% in 2014.
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To protest the flouting of American norms is to disregard America's perdition—from drone strikes and unwarranted surveillance to the Democratic Party's indebtedness to Wall Street and Silicon Valley.
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RATING SENSITIVITIES The main factors that could, individually or collectively, lead to an upgrade are: - Continued reduction in external indebtedness and improved external liquidity supported by current account surpluses.
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ANNOUNCES PROPOSED ISSUANCE OF $150 MILLION OF SENIOR UNSECURED NOTES * NUVISTA ENERGY - INTENDS TO USE NET PROCEEDS OF OFFERING TO REDUCE INDEBTEDNESS Source text for Eikon: Further company coverage:
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He was really concerned about the sequence of events from overvaluation, potentially higher rates, potentially some inflation, and what that means, given the fact we have huge indebtedness, globally.
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Portugal's corporates are heavily indebted and household indebtedness levels are also high, at 933% of disposable income, according to data provided by the OECD, above the 70% eurozone average.
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The scope and timing of any potential debt relief has kept the International Monetary Fund on the sidelines of the bailout program, convinced that the country's indebtedness is unsustainable.
|
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Household indebtedness continues to be at historically high levels, increasing to 167% of disposable income at end-March 2017, higher than the previous peak of 159% in mid-2009.
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DUBAI, March 28 (Reuters) - Rating agency S&P has cut Oman's long-term foreign and local currency sovereign ratings to 'BB-' from 'BB', citing higher external risks and indebtedness.
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House prices have been rising steadily since the global financial crisis, contributing to a rise in household indebtedness - lending to households is increasing at an annual rate of around 7.5%.
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"This rapid expansion in lending has deepened the indebtedness of the construction and real estate sector, increasing its vulnerability to potentially higher financing costs or to liquidity tightening," said Moody's.
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Unlike Argentina, Brazil owes money mainly in its own currency and to its own citizens, so declines in the value of the real do not greatly increase its net indebtedness.
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Soon came over-indebtedness and mass defaults in the Indian state of Andhra Pradesh, in Pakistan and in Nicaragua, where the president, Daniel Ortega, sided with the "no pago" movement.
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And the state has a poor record: the highest unemployment outsider the former-communist east, the most burglaries in Germany, chronic traffic congestion, high indebtedness and sub-par educational performance.
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The ECB also warned that residential property markets were showing signs of mild overvaluation, a concern as the post-crisis decline in household indebtedness appears to have slowed down significantly.
|
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These millennials have accumulated less wealth than previous generations at their age, thanks, in part, to the recession and increased indebtedness, and are rebuilding more slowly, per the Fed's report.
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AND REXNORD LLC * REXNORD- TO USE PROCEEDS, WITH AVAILABLE CASH, TO REDUCE OUTSTANDING INDEBTEDNESS THROUGH REFINANCING, AMENDMENT TO CERTAIN TERMS OF CREDIT AGREEMENT Source text for Eikon: Further company coverage:
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An increasing consensus that national indebtedness can and should be greatly expanded has taken a lot of macroeconomic work away from central bankers and given it instead to finance ministries.
|
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Against a backdrop of rising worry over African indebtedness to China, Prime Minister Abiy Ahmed will visit Beijing for the Forum on China-Africa Cooperation (FOCAC), which starts on Monday.
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The government's new fiscal objectives are for cyclically-adjusted public sector net borrowing to be under 103% of GDP, and for public sector indebtedness to be falling, by FY20/21.
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A weaker fiscal performance and/or heightened indebtedness of the regional government could lower Fitch's internal assessment of GCI's creditworthiness and thus may trigger a negative rating action on GCI.
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The Center for Retirement Research at Boston College has examined what would happen if all workers today had the same levels and incidence of student indebtedness as recent college graduates.
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"If you look back at the economics of this ... borrowers with that level of indebtedness become very, very sensitive to shocks, you have much more violent reactions," Berenberg's Richardson said.
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Eskom's Mabuza ruled out debt-to-equity swaps as a way to reduce indebtedness, saying converting debt held by state pension fund the Public Investment Corporation was a "dangerous route".
|
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Corporate, government and household indebtedness rose to $234.7 trillion as of June 223.8, a 251 percent increase from a decade ago, according to figures S&P Global Ratings released Tuesday.
|
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The programme includes a negative pledge provision that is binding on the Pakistan government, as well as financial reporting obligations, covenants, government event and cross acceleration terms with external indebtedness.
|
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Other considerations might include "the elevated level of indebtedness of both the private and public sectors, which raises concerns about financial stability, fiscal space and central bank independence," Schembri said.
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These include a comparatively low level of household indebtedness, initially low level of Austrian prices, and of mortgage loans relative to GDP and as a share of bank's core capital.
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In fact, rather than reducing indebtedness, today practically all the world's major economies have higher levels of overall borrowing relative to gross domestic product (GDP) than they did in 2007.
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It has also taken on $1.4 billion of corporate indebtedness (a daunting sum for a startup to be sure, but a drop in the bucket compared to its lease liabilities).
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Concerns about an expected surge in federal borrowing have escalated after a major tax overhaul late last year that is estimated to add up to $1.5 trillion to government indebtedness.
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While we're not there yet, economic nationalism, trade protectionism, extreme indebtedness of developed nations, and a distinct lack of diplomatic professionalism may, once again, hurtle us toward an economic abyss.
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Matthew D. McGill, the lawyer representing Puerto Rico's creditors, offered that the 1984 amendment was not all that mysterious considering Congress had a long history of micromanaging Puerto Rico's indebtedness.
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EQR has a liquidity coverage ratio (total sources divided by total uses) of 13x and should be able to refinance or repay its upcoming indebtedness via accessing the public markets.
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Average indebtedness for blacks is now more than $37,000, almost as high as the $38,000 average income for families in the ZIP codes that have high concentrations of black families.
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The big picture: Having shown that they are unafraid to let the yuan weaken past 7 to 1 with the dollar, Chinese authorities are raising concerns about many companies' indebtedness.
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The impending tipping point for markets, per Fasanara's analysis, is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in flows from central banks.
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"By reinforcing strong lending standards, the recently announced supervisory measures should help address the risks associated with high and rising levels of indebtedness," Lowe said in a policy statement on Tuesday.
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Financial covenants for the credit agreement include maximum leverage of 6x stepping down to 4.75x and below beginning in 7503, minimum interest coverage, and limitations on non-guarantor restricted subsidiary indebtedness.
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Fitch expects that Agilent will use the proceeds of the issue to repay outstanding indebtedness under its revolving credit facility ($235 million at July 31, 1) and for general corporate purposes.
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Plus I don't doubt we'll see a recession that, accompanied by with such extreme levels of indebtedness, will invariably take the form of debt-deflation (more commonly known as a depression).
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However, we maintain a negative sector outlook for New Zealand, reflecting rising household indebtedness and high property prices, which could lead to asset quality deterioration if unemployment or interest rates rise.
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Other analysts point to the dangers of lofty stock prices and rising indebtedness among non-financial corporations, many of which have been borrowing heavily to finance stock buybacks and other ventures.
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Regime change occurs when a state can no longer support its foreign currency indebtedness, and limiting Venezuela's ability to fund its regime would bring President Trump's modern-day Monroe Doctrine forward.
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In its Financial Stability Report released Tuesday, the central bank noted that Brexit, high levels of indebtedness in China and an increase in consumer credit in the U.K. as potential risks.
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Valeant's indebtedness stems from the serial acquisition of sometimes mediocre assets at inflated prices, partly in a quest by senior executives to achieve aggressive targets – at any cost, it now seems.
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And, if Trump is reelected, he may owe an unfair victory to an electorate uninformed by all the knowable facts bearing on his alleged criminality, corruption and indebtedness to foreign powers.
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Poloz said one possible consequence of persistently low rates was that household indebtedness - which he said was Canada's most important financial vulnerability - could continue to increase relative to the overall economy.
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But it might face a nastier dilemma: to tolerate the rising asset prices and indebtedness which enable recovery, or to choke off recovery and wait for the government to solve the problem.
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The show's score, by Trent Reznor and Atticus Ross, has been a superb mood-setter, but there are times when its indebtedness to John Carpenter's simple, synth-based ambience borders on shameless.
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Indebtedness worries both FI and the central bank, the Riksbank, which fears that a sharp fall in house prices could lead debt-laden households to spend less, knocking back growth and employment.
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This level of indebtedness has tended to track increases in the number of people going to college (many early Boomers just didn't, because the job market in their day didn't require it).
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The sukuk issuance includes a negative pledge provision that is binding on the Hong Kong government, as well as financial reporting obligations, covenants, government event and cross acceleration terms with external indebtedness.
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A weaker fiscal performance and/or heightened indebtedness of the provincial government could cause us to lower our internal assessment of AHTG's creditworthiness and this may trigger negative rating action on AHTG.
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The slowing in income gains came as the cost of living, particularly for housing, continued to rise while household indebtedness ticked higher, mainly due to mounting mortgage loans amid lofty property prices.
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Ms. Yellen said she worried that corporate indebtedness was "quite high": it's now more than $9 trillion, up from $4.9 trillion, in 2006, according to the Securities Industry and Financial Markets Association.
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The Nigerian Communication Commission (NCC) said Etisalat Nigeria and its creditors have reached a resolution on key issues on the indebtedness and that a transition process was continuing on mutually agreed terms.
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The study looked at living standards, environmental sustainability and protection of future generations from further indebtedness as a way to determine if the economies were including every individual equally in their society.
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According to published guidelines from ratings agency Moodys, this level of indebtedness is commensurate with a high credit risk rating, which means there is an above average risk of loss for bond holders.
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Between 1981 and 2009, when the Money Exchange collapsed, its financial statements "deliberately and grossly understated" the extent of its borrowings and the extent of AHAB's indebtedness to its banks, the judgment said.
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The high level of precarious indebtedness is of growing concern as Chinese policymakers try to bolster economic growth and financial stability at a time of high volatility in its currency and share markets.
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Fears of indebtedness and rows over murky payments have led to Chinese-funded projects being cancelled, suspended or referred to anti-corruption watchdogs for review in Nepal, Myanmar and most dramatically in Malaysia.
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A weaker fiscal performance or heightened indebtedness of the provincial government could lead to a lowering of Fitch's internal assessment of JWC's creditworthiness and thus may trigger a negative rating action on JWC.
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But the compensation can be denied, as in Wandile's case, if ownership of the land is disputed or if the death is not judged to be linked to indebtedness or the farm crisis.
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Furthermore, millennials' indebtedness in these two areas make it harder for them to buy a home especially in expensive real estate markets without persistent wage gains and continued low interest rates, they said.
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"Despite this progress, we need to remain vigilant as the overall level of indebtedness continues to be high, with a large portion of that debt held by highly indebted households," the review noted.
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Corporate indebtedness, meanwhile, was the chief concern among fund managers for the first time since 2009, the survey found, with a net 48 percent of fund managers believing company balance sheets are overleveraged.
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A downgrade could also result from a weaker fiscal performance or increased indebtedness of the municipality, leading to deterioration in the sponsor's internally assessed creditworthiness and, as a result, of Jiangsu NHL's ratings.
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Finnish households' debt relative to disposable income has almost doubled since 2000 to around 125 percent and the European Systemic Risk Board warned Finland about the high level of household indebtedness in November.
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Since 2008, corporate indebtedness of the emerging market economies has more than doubled to around $23 trillion, which makes that debt market approximately the same size as the U.S. high-yield debt market.
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High levels of global indebtedness might not be a matter of major concern in the context of a rapidly growing world economy and of one that is not beset by major economic risks.
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The First Liberty Loan Act of 1917 gave Treasury the authority to raise money by replacing specified debt authorizations with new limits on bonds and certificates of indebtedness (also called "war savings certificates").
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The resignation of Governor Ricardo Rosselló may only bring temporary solace if all the public sector indebtedness and mismanagement that have led to the prolonged recession are not better understood and addressed explicitly.
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"It is these financial stability concerns that make additional rate cuts look unlikely, as doing so would risk increasing household indebtedness, thereby further reducing consumers' resilience to a future income shock," she said.
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According to published guidelines from ratings agency Moody's, this level of indebtedness is commensurate with a "high credit risk" rating, which means there is an above average risk of loss for bond holders.
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On the other hand, a model bill that would make small-dollar lending safe and affordable is being considered in Hawaii, where borrowers have been ravaged by high fees and long-term indebtedness.
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"The revolving credit facility... having recently been reduced following the sale of two properties in Amsterdam, the company's level of indebtedness likewise reduced by a commensurate amount," the company said in a statement.
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Non-bank lenders are increasingly able to skirt rules on indebtedness by expanding into the largely unregulated realm of financial technology (fintech), Chief Executive Cliff Zhang of online financing platform PPDAI told Reuters.
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GDB's indebtedness, about $4 billion in total, is part of a $70 billion debt load in Puerto Rico, the U.S. territory facing a decade-long recession, 45 percent poverty rate and shrinking population.
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Proceeds are expected to be used for general corporate purposes including working capital, capital expenditures, acquisitions or investments, redemption and repayment of short-term and long-term outstanding indebtedness, and repurchase of common stock.
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Household debt relative to disposable income has almost doubled in Finland since 2000 to around 125 percent, and the European Systemic Risk Board warned Finland about the high level of household indebtedness in November.
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Dr. Zeti Aziz, who recently retired as Malaysia's central bank chief after serving from 2000-2016, added that it wasn't just public indebtedness hurting fiscal spending, but also private sector debt weighing on growth.
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At the IMF's semi-annual meetings in Washington last month, Schaeuble said the combination of a global overhang of public and private indebtedness and ultra-loose monetary policies posed risks to the global economy.
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KEY RATING DRIVERS Stronger Cash Flow; Rising Leverage: The company's rating affirmation reflects Fitch's expectations of a stable operating performance with increasing profitability and cash-flow generation in the context of higher financial indebtedness.
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"Indebtedness can grow if a wider circle of households take up loans, if interest rates on loans are fixed for a longer period, and loans are disbursed in forints," Nagy said in a presentation.
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"But the weakness extends well beyond China ... we have seen persistent portfolio outflows out of a broad range of emerging markets, with investors increasingly worried about growth prospects and high corporate indebtedness," Collyns said.
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In general, the revolving credit facility ranks equal in right of payment with all existing unsecured indebtedness of CIT, and as such, the rating of the revolving credit facility is equalized with CIT's IDR.
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Earlier this year, John Morgan, an editor of Counter-Currents, a white-nationalist publishing house based in San Francisco, posted an online essay about the indebtedness of the American alt-right to European thought.
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"Household indebtedness is highest in Australia and New Zealand," explained Sabine Bauer, senior director of financial institutions at Fitch Ratings, and one of the authors of the note on Asia Pacific bank property risks.
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"There is no shortage of geopolitical concerns ... Italy's indebtedness and lack of a viable budget, uncertainty around Brexit negotiations, uncertainty around U.S. policy following U.S. Midterm elections are some of the risks," he said.
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Four additional bills enacted between 1917 and 1919 imposed an aggregate limit on bonds and authorized Treasury to continue issuing certificates of indebtedness as long as their outstanding balance didn't exceed a specified amount.
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The debt of government-related and state-owned enterprises (GREs and SOEs) peaked at AED277bn (30% of GDP) in 2012 and had fallen to AED246bn by 1H15, reflecting the authorities' commitment to containing indebtedness.
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It was concerned a blistering run in home prices, particularly in Sydney and Melbourne, could create the expectation of a further jump in home values, enticing more buyers into the market and fuelling indebtedness.
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"Household indebtedness and the overvaluation of residential real estate develop over the course of years," ESRB chair and European Central Bank head Mario Draghi said while presenting the report to an EU parliamentary committee.
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Such cases — though far from the norm — are made worse by the state of indebtedness with which a foreign worker enters the Israeli work force, Idit Lebovitch, a coordinator for migrant caregivers, told me.
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Zhuhai SASAC has decision-making power over Zhuhai Huafa's major investment and financing choices and the company's board is mostly appointed by the municipality, which also closely monitors its financing plan and indebtedness levels.
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But the tweak to the bond's restricted payments basket concerned cash contributions used "to repay indebtedness", even though an acquirer would not actually have to pay down debt to satisfy the net leverage test.
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The evidence will prove "that he had extraordinary indebtedness, and thus the need and motive to quickly generate substantial sums of money at the time when he engaged in the charged conduct," prosecutors wrote.
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Given what we heard from Kavanaugh and the emotional scars this process will leave him with, given his animosity for Democrats and his indebtedness to Republicans, would he ever be capable of judicial independence?
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"If these companies engage in workouts where some of their debt is forgiven, that would create what's known as cancellation-of-indebtedness income," said Robert Willens, a tax and accounting expert in New York City.
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However, the following factors could, individually or collectively, put downward pressure on the ratings: - Risks to financial stability deriving from a severe macroeconomic shock, which would be amplified by excessive credit growth or household indebtedness.
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A better explanation may be that prices for workers and goods are subdued because the economy is not actually at capacity, and that, but for rising asset prices and indebtedness, growth would still be weak.
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E.ON will end up with net debt of more than 40 billion euros, after factoring in pensions and other liabilities, though a shift to a more stable business model should support higher levels of indebtedness.
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A weaker fiscal performance and/or more heightened indebtedness of the municipal government could lead to a lowering of Fitch's internal assessment of Hangzhou's creditworthiness and thus may trigger a negative rating action on HFI.
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The IIF said in a report that as countries increasingly use money they raise to repay maturing debt, "high levels of indebtedness — and the need for eventual deleveraging — will likely constrain EM growth going forward".
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Medium-term potential, currently at 103%-2%, remains low for a country at Croatia's income level, reflecting adverse demographics, structural rigidities, high private indebtedness and low investment during the six-year recession in 2009-2014.
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"Global debt is certainly higher and riskier today than it was a decade ago, with households, corporates, and governments all ramping up indebtedness," S&P Global Ratings credit analyst Terry Chan said in a statement.
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PIRC highlighted the hostile nature of the bid, political and security concerns expressed in the United States over the deal, GKN's strong defence and concerns about losses at Melrose and the risk of further indebtedness.
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Asset quality remains vulnerable to the high indebtedness of UK households, but in Fitch's opinion, this risk is somewhat mitigated by the sound performance of the UK's mortgage market with low base rates supporting affordability.
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The firm also proposed an increase in the size of the purchase money indebtedness basket to 40 percent of total assets, valued at 1 trillion yuan as of the end of June, from 35 percent.
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RATING SENSITIVITIES Future Developments That May, Individually or Collectively, Lead to Positive Rating Action: - An upgrade is unlikely based on the current additional indebtedness language that requires post-tap ratings no less than investment grade.
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Yet, despite the majority of commentary and critique of Cellar Door Games' seminal roguelike, Rogue Legacy, opting to revolve around concepts of death and rebirth, it is a game all about indebtedness and family relationships.
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Similarly, although household indebtedness is now more moderate (at 150% of income in 2Q16), there is still a significant proportion of households with high exposure to tracker mortgages and hence vulnerable to interest rate changes.
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"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," Ernesto Ramirez Rigo, who led the I.M.F. mission to Pakistan, said in a news release Sunday.
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As the Department of Education's College Scorecard data shows, for a tuition of $20,000 per year, only 20 percent of students will graduate within six years, accruing an average student loan indebtedness of almost $30,000.
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Fitch expects that the net proceeds from the offering will be used to repay outstanding indebtedness under the company's senior unsecured revolving credit facility and its secured receivables credit facility and for general corporate purposes.
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"The net proceeds from the issuance of new shares will be used to reduce overall indebtedness and provide the company with financial flexibility to fund future growth opportunities," the company said in a press release.
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The bottom line: Indebtedness is nothing to celebrate, but the most insidious debt trap of all is the one where your convenient payment device ends up costing you hundreds of dollars in interest every month.
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The move suggests a new round of regulation changes to tighten mortgage rules is not imminent, but could come as early as the fall amid fears the market is overheated and consumer indebtedness too high.
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The chief executive of Virgin Money told CNBC Tuesday that she backed the crackdown on unsecured lending but insisted that consumer indebtedness at the challenger bank was well-governed and falls below the national average.
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In Andhra Pradesh, a state in southeastern India, the government issued an ordinance in 2010 essentially shutting down microcredit institutions, pointing to over-indebtedness, the pressure to repay loans, and widely reported suicides among borrowers.
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The HKMA said the rise in foreign currency assets was mainly due to an increase in unsettled purchases of securities, the issuance of Certificates of Indebtedness and the mark-to-market gains on foreign currency portfolios.
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Pro forma for the closing of the transaction and excluding $1.2 billion of monetized indebtedness outstanding at March 31, 2016, Fitch estimates principal amounts of $38 million and $938 million mature in 053 and 2017, respectively.
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Last month the central bank, which meets to set interest rates on Monday, said in a report that soaring indebtedness could stunt growth as public projects are starved of funds otherwise used to service the debt.
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As the impact of the oil decline trickles through to other parts of the economy, potentially leading to a rise in unemployment, banks could face credit issues in their retail lending portfolios given high consumer indebtedness.
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The Company expects to use the net proceeds from this financing for general corporate purposes, including but not limited to general operating expenses, development of its pipeline products, payment of indebtedness and obligations, and working capital.
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About 120,000 building firms have gone bust in Italy over the past 11 years, hurt by rising indebtedness, weak infrastructure spending and a lack of global heavyweights able to compete as head contractors on major projects.
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New Zealand household indebtedness remains at historically high levels, and the households' ability to service their loans is susceptible to increases in interest rates and unemployment, which could ultimately affect the Regionals' asset quality and performance.
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"The gratitude and indebtedness I feel for people and just the love it's so overwhelming, but it's the thing that Ryan talks about and I feel it every day," his mom Caroline told the news outlet.
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SEOUL, Sept 20 (Reuters) - South Korea's central bank warned on Thursday that household debt was growing much faster than the Organization for Economic Cooperation and Development average as large mortgages and high rents drive up indebtedness.
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Outlining risks in a biannual Stability Report, the ECB also warned that residential property markets were showing signs of mild overvaluation, a concern as the post-crisis decline in household indebtedness appears to have slowed significantly.
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"Usually they are more negative than the other ratings agencies regarding South Africa ... When you read all the statements from S&P regarding South Africa they always mention the indebtedness of the public companies," Tresca said.
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LIQUIDITY Fitch expects Cosan Limited's liquidity profile to improve following the proposed issuance of USD500 million in Global Notes due 2024, as the company will use USD0003 million to prepay existing indebtedness maturing in December 2018.
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David Lipton, first deputy managing director of the IMF, warned in a speech to a group of economists in the southern city of Shenzhen that companies' indebtedness is a "key fault line in the Chinese economy".
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When the scale of debt came to light -- along with their inability to pay it off -- the bond markets turned against them, driving up their indebtedness even further and pushing them to the brink of insolvency.
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This first installment is by far the most artful (many would say the most successful) of the six, not least because it self-consciously emulates Proust, to whose own multivolume autobiographical novel Knausgaard acknowledges his indebtedness.
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Creditworthiness of Municipality: A weaker fiscal performance by and/or increased indebtedness of Guangzhou could lead to a lowering of Fitch's internal assessment of Guangzhou Municipality's creditworthiness and therefore may trigger negative rating action on GZMG.
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"Developments in tax policy, such as the disallowance of tax deductions for interest paid on outstanding indebtedness, could have a material adverse effect on our results of operations and liquidity," MTS said in a regulatory filing.
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Petrobras said in a securities filing that it would take legal action against the decision and defend the interests of the company and its investors, underlining that its divestment program is key to reducing its indebtedness.
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"It can be a partner with you in advocating for a greater size workforce, against privatization, against merit promotion, ... for teacher tenure, for higher wages, for massive government, for increasing bonded indebtedness, for increasing taxes?" he said.
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And in a recent lecture Olivier Blanchard, another former chief economist of the IMF, pointed out that when the pace of economic growth exceeds the rate of interest on a country's debt, managing indebtedness becomes substantially easier.
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"This strike is a demonstration of repudiation by our society of a government which has produced hunger, misery, unemployment and indebtedness," declared Hugo Moyano, the boss of the truckers' union, in a radio interview over the weekend.
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Other key rating sensitivities are the robustness of economic growth, the heightened risk of or materialisation of political shocks, deterioration in banking sector fundamentals, and current account balances and progress in reducing high levels of external indebtedness.
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However, growing debt and concerns about property bubbles have touched off an internal debate about whether China should tolerate slower growth in 2017 to allow more room for painful reforms aimed at reducing industrial overcapacity and indebtedness.
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However, growing debt and concern about property bubbles have touched off an internal debate about whether China should tolerate slower growth in 2017 to allow more room for painful reforms aimed at reducing industrial overcapacity and indebtedness.
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Total U.S. indebtedness is about 14 percent above the trough of household deleveraging brought on by the 2007-2009 financial crisis and deep recession, a pull-back that interrupted what had been a 63-year upward trend.
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Fitch believes the new measures will improve the monitoring and supervision of LRG's indebtedness, enable authorities to rein-in potential systemic risks arising from LRG debt and put LRG financing on a more sustainable long-term path.
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Slashing personal or corporate tax rates could boost short-term growth as households and businesses spend more, Fed policymakers acknowledged, but those benefits could prove short lived due to broad trends like population aging and rising indebtedness.
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The 'BBB+' IDRs also assume that FS will maintain profitability and indebtedness roughly at current levels, as well as in line with Fitch's base-case scenario, despite expansion plans for investments and operations, in Italy and abroad.
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Taken together, the data showed Canada's market cooling in most markets outside of Toronto, where a building boom and rising household indebtedness have spurred fears of a U.S.-style collapse if borrowing costs, already rising, spike further.
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All but one of 24 economists surveyed by Reuters had expected the BOK to leave the policy rate at its record low 13 percent as board members weighed the risks to household indebtedness from further rate cuts.
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More than 12,600 farmers and agricultural workers committed suicide in 2015 alone, accounting for about 10 percent of all suicides in India, with almost 60 percent of suicides caused by bankruptcy and indebtedness, according to official data.
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More troubling yet, as the Bank for International Settlements keeps reminding us, is the fact that over the past seven years, these emerging-market corporations have increased their indebtedness in U.S. dollar terms by over $85033 trillion.
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Almost 60 percent of the suicides were caused by bankruptcy and indebtedness or farming-related issues, said the NCRB, and almost three-quarters of victims were farmers cultivating land plots of less than two hectares (five acres).
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MEXICO CITY (Reuters) - Mexican state oil company Petroleos Mexicanos would have to reassign funds to finance a refinery planned by the next government because of its heavy indebtedness, incoming Deputy Finance Minister Arturo Herrera said on Tuesday.
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This was a group of evangelical leaders, arising from the general religious revival, that sought to eradicate slavery, spread the faith, discourage indebtedness, build Sunday schools, reform behavior and basically spread what we now call Victorian morality.
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SAO PAULO, Oct 18 (Reuters) - Brazilian state-run power company Centrais Elétricas Brasileiras SA is relying on the successful completion of an asset sale program to reduce its indebtedness, Chief Executive Officer Wilson Ferreira Junior said on Wednesday.
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They also rank pari passu with all other unsecured and unsubordinated loan or bond indebtedness of Austria resulting from outstanding financial debts from time to time, except for obligations ranking in priority pursuant to mandatory provisions of law.
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Financing and Approvals CenturyLink intends to finance the cash portion of the transaction and pay related fees and expenses through a combination of cash on hand at CenturyLink and Level 23, and approximately $33 billion of additional indebtedness.
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At the heart of its concerns is the high level of indebtedness in the economy, much of which can be attributed to state-owned enterprises (SOEs) and companies, Swiss Re's chief economist Kurt Karl told CNBC's "The Rundown ".
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"This has to be recognized as a cause of indebtedness and bonded labor," said Bharath Bhushan, founder of Centre for Action Research and People's Development (CARPED) - one of the first organizations to study the medical malpractice in 2005.
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But it literally tears a new mom in two when you have [this] extreme indebtedness to your work, who has given you this unpaid time off, and then you have this extreme responsibility of this new, small life.
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LONDON, Jan 30 (Reuters) - Sales of international bonds from emerging markets and junk-rated companies in January, usually one of the busiest months, are down by 30-2130 percent from a year ago amid worries about high indebtedness.
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"It can be a partner with you in advocating for a greater size workforce, against privatization, against merit promotion, for teacher tenure, for higher wages, for massive government, for increasing bonded indebtedness, for increasing taxes?" the justice asked.
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Fitch believes that all Canadian Banks, including CIBC, are vulnerable to credit deterioration in their domestic loan portfolios given high levels of consumer indebtedness in Canada, combined with Fitch's view of some overvaluation in the Canadian housing market.
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If one wants to determine where the next global financial crisis will start, one might be well advised to follow the debt, since normally, the primary source of financial and economic crises is over-indebtedness in the economy.
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Portugal's economy is set to grow 2.2 percent this year, four years after it exited a bailout and seven years since it faced sovereign default, one of several euro-zone countries whose indebtedness had threatened the single currency.
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Fitch believes that all Canadian Banks, including BMO, are vulnerable to credit deterioration in their domestic loan portfolios given high levels of consumer indebtedness in Canada, combined with Fitch's view of some overvaluation in the Canadian housing market.
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As evidence of a pragmatic tinge, she cited recent adjustments that Mr. Xi made — at least cosmetically — to his signature "One Belt, One Road" international infrastructure initiative following criticism that it was ensnaring countries in indebtedness to Beijing.
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SENIOR AND SUBORDINATED DEBT The 'B/RR4' rating on Macro's senior unsecured notes reflects that the notes are senior unsecured obligations ranking pari passu with other senior indebtedness and so align with the bank's long-term 'B' IDRs.
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China's World of Debt | Analysts say that a surge in the indebtedness of corporate China since 2009 has meant that many of its largest companies are looking for acquisitions abroad while dragging behind mountains of unpaid loans and bonds.
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But Moody's was the first to take concrete action after the vote, just as it was in 2013 when it was the first to strip Britain of its 'AAA' credit rating due to slow growth and rising public indebtedness.
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BRIGHTON, England, Sept 24 (Reuters) - Britain's opposition Labour Party will say on Monday it wants to impose a cap on interest payments on consumer credit card debt, warning that levels of personal indebtedness were a threat to the economy.
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ANNOUNCES $200 MILLION PREFERRED SHARE OFFERING * WILL ISSUE 8 MILLION CUMULATIVE 5-YEAR MINIMUM RATE RESET REDEEMABLE PREFERRED SHARES, SERIES K * NET PROCEEDS FROM OFFERING WILL BE USED TO REDUCE EXISTING INDEBTEDNESS Source text for Eikon: Further company coverage:
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However, Fitch believes that all Canadian banks, including TD, are vulnerable to credit deterioration in their domestic loan portfolios given high levels of consumer indebtedness in Canada, combined with Fitch's view of some overvaluation in the Canadian housing market.
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The senior unsecured debt rating is equalized with CIT's IDR of 'BB+' reflecting that existing notes are senior unsecured obligations of the company that rank equally in payment priority with all existing and future unsubordinated unsecured indebtedness of CIT.
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"We watch the increase in consumer indebtedness closely and continue to lend responsibly to our prime books of mortgage and credit card customers who are showing no signs of strain in the current environment," Gadhia said in a statement.
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But in a country where the domestic housing market is overheated, the move will signal to lenders that the central bank is worried by a 20-year trend of rising household indebtedness, from 120% to 180% of household income.
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Masters said she sees "headwinds for discretionary spending" due to the challenging combination of weak wage growth, record indebtedness, a rise in prices for non-discretionary goods and services and the slowing house price growth and rising petrol prices.
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He would also be advancing his misguided plan to privatize PREPA — an idea he has promoted with no underlying rationale of how it would lead to a more resilient, sustainable power system (nor would it address PREPA's crippling indebtedness).
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According to the Indian National Crime Records Bureau in a report on suicide among farmers, 'Bankruptcy or Indebtedness' and 'Farming Related Issues' are reported as major causes of suicides, accounting for 38.7 percent and 19.5 percent respectively during 2015.
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"There are certainly things to worry about, such as growing indebtedness of some of China's big clients ... But there are signs of evolution," David Dollar, senior fellow at the Brookings Institution, wrote in a conference paper presented in October.
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Though many have recognized the growing malcontent surrounding the high levels of corporate indebtedness, Yellen and others are quick to point out that interest rates have remained historically low in recent years despite recent increases to the overnight lending rate.
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BUENOS AIRES, Oct 9 (Reuters) - Argentina's currency extended its week-long rally on Tuesday as investors swarmed toward peso-denominated debt offered by the central bank at nose-bleed high interest rates, even as economists worried over the bank's growing indebtedness.
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The Outlook remains Negative because Fitch believes the company's persistent negative operational cash flow - given the high development expenditure, selling expenses and borrowing costs - may continue to add to its indebtedness and push its credit metrics beyond the negative rating thresholds.
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China's finance minister said at the start of the summit that Beijing aims to make the Belt and Road initiative sustainable and prevent debt risks, seeking to allay criticism that its infrastructure plan fuels indebtedness in participant countries and lacks transparency.
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More recent work by Alan Auerbach and Yuriy Gorodnichenko, also of Berkeley, suggests that government borrowing during periods of economic weakness does not tend to raise long-run indebtedness or borrowing costs, even for countries with large existing debt burdens.
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Fitch's sovereign rating committee adjusted the output from the SRM to arrive at the final Long-Term FC IDR by applying its QO, relative to rated peers, as follows: - Public Finances: -1 notch, to reflect still highs levels of government indebtedness.
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The problem is, this strategy worked best — and the homeownershp rate reached its highest point — when it was all fueled by a boom in consumer indebtedness that left millions of people financially vulnerable when the economy went south in 2008.
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BEIJING (Reuters) - China is expected to promote a recalibrated version of its Belt and Road initiative at a summit of heads of state this week in Beijing, seeking to allay criticism that its flagship infrastructure policy fuels indebtedness and lacks transparency.
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BEIJING (Reuters) - China's growing debt and property risks have touched off an internal debate over whether China should tolerate growth as low as 22017 percent in 26.2 to allow more room for painful reforms aimed at reducing industrial overcapacity and indebtedness.
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Obuv Rossii said it plans to use the IPO proceeds for expansion of its "retail network and for the development of its distribution and supply chain, partial repayment of its existing indebtedness, as well as for other general corporate purposes".
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BUENOS AIRES (Reuters) - Argentina's currency extended its week-long rally on Tuesday and investors swarmed over peso-denominated debt offered by the central bank at nose-bleed-high interest rates, even as economists voiced concern over the bank's growing indebtedness.
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Announces re-opening of public offering of Medley LLC notes due 2024 * Medley management-medley llc intends to use net proceeds from offering to repay remaining outstanding indebtedness under its syndicated term loan Source text for Eikon: Further company coverage:
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Fitch's sovereign rating committee adjusted the output from the SRM to arrive at the final LT FC IDR by applying its QO, relative to rated peers, as follows: - Public Finances: -1 notch, to reflect still high levels of government indebtedness.
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LONDON, March 16 (Reuters) - Total debt in emerging markets grew by $1.6 trillion in 220 to more than $240 trillion, the Institute of International Finance said on Wednesday, warning that higher indebtedness raised repayment risks and endangered future economic growth.
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The expected rating of 'B(EXP)' reflects that these are senior obligations of Invatlan that rank pari passu with other senior indebtedness, and therefore this rating is aligned with the company's Long-Term Foreign and Local Currency IDRs of 'B'.
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Unlike historical definitions of slavery in which people were held as legal property, a practice that has been universally outlawed, modern slavery is generally defined as human trafficking, forced labor, bondage from indebtedness, forced or servile marriage or commercial sexual exploitation.
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Respondents included Union Bank of the Philippines and compatriot Metropolitan Bank and Trust Co. Rising corporate indebtedness in China was by far the chief risk cited, with other risks including changes to central banks' policy interest rates, competition and diplomatic disputes.
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While these securities rank pari passu with other existing subordinated indebtedness, the loss severity notching is wider on the proposed notes, due to the existence of a full write-down feature, which is not contained in other outstanding subordinated debt.
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Other developments that could lead to an upgrade of the sovereign rating include further stabilisation in the banking sector, a track record of economic recovery and reduction in private sector indebtedness, narrowing of the current account deficit, and continued fiscal adjustment.
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But waiting for uncertainties, such as NAFTA renegotiation, to clear before raising rates again could add to imbalances in Canada's economy, which has been boosted this year by a once red-hot housing market and the growing indebtedness of Canadians.
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The largest deep-water oil fields ever found were discovered two decades ago but the fall in oil prices, restrictions such as the local content rules and the indebtedness of scandal-plagued Petrobras have slowed their development to a crawl.
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"The strength of growing indebtedness, which has led us to debt levels higher than most of our neighbours, calls for a particular vigilance on the part of authorities," Bank of France deputy governor Robert Ophele said in a speech last week.
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Since launching in November 2014, Al Etihad Credit Bureau has allowed banks to access data on consumers at other financial institutions when making lending decisions, giving banks a clearer picture of the level of indebtedness and financial history of borrowers.
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And how do you think all of that fits into what you've been talking about in a slow growth environment and the potential for rates to either go up, or what happens if they do with all of this indebtedness?
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Net external debt of 22.9% of GDP at end-0003 is higher than the peer median of 0.5%, but mostly reflects FDI-related indebtedness in the energy sector; 63% of private sector gross external debt was intercompany debt at end-2016.
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The notes will be unsecured, subordinated obligations and will rank junior in right of payment to all Senior External Liabilities (as defined in Description of the Notes) at all times with or without legal preference, including, without limitation, senior indebtedness.
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"The prolonged low levels of interest rates could lead to a substantial increase in indebtedness, making the banking sector's asset quality, profitability and capital position more susceptible to adverse developments in the economic environment," the central bank said in a statement.
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The indebtedness of the non-financial corporate sector, which, according to the Institute of International Finance amounted to 56.8 percent of gross domestic product at the end of 2015, is low compared to developed markets, but it has risen substantially over the years.
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Competition for lending to Mexico's public entities has intensified in recent years owing to new legislation that limits states and municipality indebtedness and requires them to contract debt at the lowest financial cost, leading to tightened interest margins for banks in this segment.
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The deal with Marathon also comes with "restrictions on [Workhorse's] ability to dispose of property, enter into mergers, acquisitions or other business combination transactions, incur additional indebtedness, grant liens, pay dividends and make certain other restricted payments," according to a recent financial filing.
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The following factors may, individually or collectively, result in negative rating action: -Reversal of the downward trend in government indebtedness; -Weaker economic performance, for example triggered by external shocks; and -Adverse developments in the banking sector affecting the sector's asset quality and capitalisation.
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The HKMA said the rise in foreign currency assets was mainly due to the increase in unsettled purchases of securities and the issuance of Certificates of Indebtedness, which were partly offset by mark-to-market reduction in the value of foreign currency portfolios.
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Demos (pronounced with long "e") — a public-policy group trying to shape a Democratic agenda on working-class issues like household indebtedness, college affordability and economic challenges facing young people — tested economic messages with an online survey of 1,536 registered voters in June.
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Debt-laden Reliance Communications (RCom) plunged by more than half to its record low in early trade on Monday, after the company said it will seek a fast-track resolution through the bankruptcy court National Company Law Tribunal to resolve its indebtedness.
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He said there was no risk of companies or households becoming too indebted, as there was room for a lending boom with wages on the rise and with the level of indebtedness of households and companies still too low relative to GDP.
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Net external debt, forecast at 21.8% of GDP at end-2017, is higher than the peer median of -1.1%, but mostly reflects FDI-related indebtedness in the energy sector; 63% of private sector gross external debt was inter-company debt at end-2016.
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However, the sale will not be sufficient to ease Rcom's financial stress, given its high indebtedness and plan to merge its wireless operations with Aircel Limited; we do not foresee FFO-adjusted net leverage reducing to below 4.5x for the foreseeable future.
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He noted that the indebtedness of companies in emerging markets as a percentage of GDP had overtaken that of those in developed markets in 2013, just as the profitability of EM companies had fallen below that of DM ones for the first time.
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The planned notes are guaranteed by Intralot SA and some material subsidiaries, and will rank pari passu with all existing and future unsecured indebtedness of the issuer that is not subordinated to the notes, including senior credit facilities that are not secured.
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"Longer than expected NAFTA talks and growing signs of fading domestic economic momentum may worsen household indebtedness in Canada, raising odds the BoC could stay on hold for the rest of next year," said Sebastien Lavoie, chief economist at Laurentian Bank Securities.
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STOCKHOLM, Feb 26 (Reuters) - High and rising household indebtedness and a poorly functioning housing market poses the biggest challenges to the Swedish economy and more measures are probably needed to dampen the development, the EU Commission wrote in a signed article on Friday.
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The Bank of Canada has flagged the elevated level of household indebtedness as a potential vulnerability for the financial system as consumers with large amounts of debt could find it difficult to adjust to a loss of income or other financial shock.
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American officials have intercepted conversations in which at least four countries, including China and the United Arab Emirates, discussed ways to take advantage of Mr. Kushner's indebtedness, naïveté and ignorance of foreign policy to further their interests, according to The Washington Post.
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NEW YORK, May 24 (Reuters) - U.S. 10-year Treasury yields fell to session lows in early U.S. trading on Wednesday, underpinned by some safe-haven demand in the wake of Moody's downgrade of China's debt rating, citing its slowing growth and rising indebtedness.
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The largest deep-water oil fields ever found were discovered off Brazil around a decade ago but the fall in oil prices, restrictions such as the local purchasing rules and the indebtedness of scandal-plagued Petrobras have slowed their development to a crawl.
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An addition to the revised fiscal plan is an expense for Title III proceedings, which is the bankruptcy-like that a federal judge is currently overseeing for the island's outstanding bond indebtedness of roughly $73 billion, or nearly $17,000 debt per capita.
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After all, we know how decades of indebtedness stack up against campaign donations from student-loan companies: According to Open Secrets, both Republican Congresswoman Virginia Foxx and the PROSPER Act's other sponsor, Brett Guthrie, are top recipients of contributions from the industry.
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But Kiev's recent efforts to incorporate independent armed groups into its regular armed forces, as well as a continuing national sense of indebtedness to the militias for their defense of the homeland, make addressing the ultranationalist threat considerably more complicated than it is elsewhere.
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The EU's indebtedness (EUR56bn at end-2015) is only incurred for the purpose of on-lending to MS (through the balance of payments and the European Financial Stabilisation Mechanism programmes - BoP and EFSM) or to neighbouring sovereigns (through the Macro-Financial Assistance programme - MFA).
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"We expect the economy to continue to face headwinds from exigent financing conditions, a weak labor market, high levels of household indebtedness, weak external demand, and still-contained consumer and business confidence," wrote Goldman Sachs analyst Alberto Ramos wrote of the IBC-Br data.
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But recent layoffs of some state employees and petrol price increases - reforms hastened by the sinking energy market - have refocused attention on indebtedness and the problems it could present to social cohesion if citizens start to press their relatives and the government heavily for help.
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The stock of credit is still relatively low, with households' indebtedness equivalent to 30% of GDP at end-0003, versus 50% on average in the EU. Fitch expects growth in credit to the private sector to decelerate in the coming years, reflecting tighter monetary conditions.
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Speaking at the Reuters Global Investment 2018 Outlook Summit, Gary Greenberg said he thinks China's authorities will struggle to wean their economy off high levels of indebtedness, and in order to cut debt as a proportion of economic growth, they will need higher productivity.
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In 2008, Congress capitalized upon these technological advances when it enacted legislation that now requires third-party brokerage firms to track the tax basis that investors have in their marketable securities, such as shares in stock and notes, bonds, or other evidence of indebtedness.
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"Longer-term real questions remain about delivery of reforms - there needs to be a wholesale rethink of the Bahrain model and why they continue to run large twin deficits with mounting indebtedness," said Timothy Ash, senior emerging markets sovereign strategist at BlueBay Asset Management.
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The ECB's FSR concluded that the financial stability environment in the euro area has "remained favorable," but pointed to risks including shard falls in global asset prices, weak bank profitability, liquidity risks in the investment fund sector, and concerns over public and private indebtedness.
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"Continuous portfolio management contributes to improving the allocation of capital, thereby increasing the generation of value for our shareholders, in addition to enabling the reduction of indebtedness and cost of the company's capital," the company's chief executive, Roberto Castello Branco, said in a statement.
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DERIVATION SUMMARY Dufry's IDR of 'BB-' reflects a low investment grade business risk profile, evident in scale, the quality of the concession portfolio and strong cash flow generation, constrained by an elevated indebtedness level which is more in line with the 'B' rating category.
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Sam Skolnik, author of "High Stakes: The Rising Cost of America's Gambling Addiction," said the aftereffects of pathological gambling include social costs that range from loss of productivity at work, domestic crime, suicide and harm to families from rising indebtedness, home foreclosure and bankruptcy.
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The IMF has sat on the sidelines of the latest bailout program and says it cannot participate in a program which could keep Greece in a never-ending cycle of indebtedness that could push national borrowing to 275 percent of economic output by 2060.
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In a world where the stability of conventional currencies is threatened globally by the vast expansion of central-bank balance sheets, high government indebtedness and the myriad ill consequences of ultra-low interest rates, it would be nice to believe this was the case.
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Late on Friday, the bank announced it was able to come to an agreement with credit unions that hold approximately $33 million of the bonds due Monday, and it was still negotiating a potential transaction related to an exchange of all of the GDB's bond indebtedness.
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An upgrade of Fitch's internal credit view of Henan province may trigger positive rating action on Yuzi, while weaker fiscal performance or heightened indebtedness of the provincial government could lead Fitch to lower its internal assessment of the province's creditworthiness and trigger a downgrade of Yuzi's ratings.
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"(Turkey has) a high level of dollar debt, a lack of independent decision making by the central bank, a lack of inflation targeting which results in wiping out euro denominated financial markets, shorting the duration of lira financial instruments and reinforcing this burden of indebtedness," Guriev said.
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OTTAWA, Oct 10 (Reuters) - Canada's household sector is vulnerable to any kind of negative shock due to its high level of indebtedness, but stress tests show Canada's banking system should weather a drop in house prices, Bank of Canada Senior Deputy Governor Carolyn Wilkins said on Tuesday.
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Covenant Review analysts Jane Gray and Scott Josefsberg said that while the securitisation exchange notes are not allowed under the bonds' Permitted Refinancing Indebtedness carve-out, they would be if they meet the bonds' definition of Qualified Securitzation Financing or any other provision of the debt covenant.
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Private sector indebtedness is a major problem in the Portuguese economy, which is one of the most indebted in the EU. Some say efforts to tackle the issue have waned since Portugal's Socialist Party took power at the end of 2015 on an anti-austerity platform.
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In preliminary results for 2014/2015, the U.K.'s largest supermarket operator said full-year net profit was £138 million ($196.6 million) and said it had made "significant progress" on transforming the company by reducing its indebtedness and improving its cost-saving program, profitability and competitiveness.
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A future government would have a "strong legal argument" that debt contracted in 2017 would not be legitimate because the National Assembly did not sign off on the Annual Indebtedness Law, Francisco Rodriguez, chief economist at Torino Capital LLC, said in a note to clients this week.
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Chinese Premier Li Keqiang told China's annual parliament session this month that tackling the debt burden was a priority this year, but such options would increase corporate indebtedness, which has soared to 169 percent of gross domestic product (GDP), according to the Bank for International Settlements.
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Other issues hindering bond issuance include the revival of bank loan markets, the U.S. tax reform reducing companies' need to raise finance, and greater focus on corporate indebtedness — Moody's estimates median debt to EBITDA ratios for investment-grade U.S. firms are now 2219 percent above 221 levels.
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An upgrade of Fitch's internal credit view of Gansu province may trigger positive rating action on GHAT, while weaker fiscal performance or heightened indebtedness of the provincial government could lead Fitch to lower its internal assessment of the province's creditworthiness and trigger a downgrade of GHAT's ratings.
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MUMBAI (Thomson Reuters Foundation) - Indian government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a complete overhaul of credit and subsidies to farmers is needed, activists said.
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The offering would include "A" shares of the company and the proceeds would be used to help expand SDIC's renewable energy business overseas and repaying offshore indebtedness, the company said here ($1 = 7.0229 Chinese yuan renminbi) (Reporting by Noor Zainab Hussain in Bengaluru Editing by Rachel Armstrong)
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JC Penney also warned that "developments in tax policy, such as the disallowance of tax deductions for interest paid on outstanding indebtedness, could have a material adverse effect" on its operational results and liquidity, according to a November 29 regulatory filing for its third quarter earnings.
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Data releases: Existing home sales, new home sales, pending home sales Given the importance of housing to the United States economy — it is the biggest driver of both wealth and indebtedness for most families — its struggles have added to worries about the sustainability of the economic expansion.
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The advantage for the federal government is that it pawns off a portion of the retirement responsibility on Americans, and it theoretically gives people the chance to top the rather small returns generated by Social Security's spare cash, which is invested in special-issue bonds and certificates of indebtedness.
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But political parties now have to adapt themselves and respond to that and at the same time not lose site of the issues that really matter to voters, which include the economy, poverty, indebtedness, avoiding the conflicts of the past, fighting corruption and putting some key reforms in place.
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Over the next five years, 2020 are the largest years of pro forma debt maturities with 12.7%, after accounting for the newly issued $500 million in notes, the payoff of the exchangeable notes and future indebtedness as well as the upsizing/extension of the company's term loan facility.
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"The net proceeds from the sale of securities ... will be used for general corporate purposes, which may include additions to working capital, investments in or extensions of credit to our subsidiaries and the repayment of indebtedness," Teva said in a filing with the U.S. Securities and Exchange Commission.
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The rating of the senior unsecured notes issued by BInbursa reflects that these are senior unsecured obligations of BInbursa that rank pari passu with other senior indebtedness and, therefore, align with the bank's long-term IDRs of 'BBB+', which in turn are driven by the bank's VR of 'bbb+'.
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The Tata group said in a statement this week that it removed Mistry because of poor profitability, increased indebtedness and - among other reasons - what it said was the poor handling of critical issues including the sale of British steel operations and negotiations with NTT DoCoMo Inc of Japan.
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"Corporate indebtedness is now quite high, and I think it's a danger that if there's something else that causes a downturn, that high levels of corporate leverage could prolong the downturn and lead to lots of bankruptcies in the non-financial corporate sector," the former central bank chief said.
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"I offer our university's deepest apology for the profound injustices of slavery, our full acknowledgment of the strength of enslaved peoples in the face of their suffering, and our respect and indebtedness to them," Dr. Folt said in a speech for the University Day celebration at Memorial Hall.
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Though Fed Chair Jerome Powell told Congress last week he does not view leveraged loans and other forms of risky debt to be big threats to financial stability, he does believe high corporate indebtedness could make any U.S. downturn worse Kaplan's essay on Tuesday added meat to that argument.
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"If an accommodative monetary policy introduced to boost short-term inflationary pressure ends up causing excessive financial imbalances, it could bring low growth, worsen indebtedness," and bring other negative consequences to the economy, Bank of Korea board member Lee Il-houng told reporters at a news conference in Seoul.
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But there's now a huge market and growing in business loans of all sorts and corporate loans that are packaged and sliced and diced, and the quality of the loans has gone way down, and the amount of indebtedness that a lot of companies have has gone way up.
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Announces $100 million bought deal offering and concurrent $10 million investment by the mullen family and insiders * Mullen group ltd says has entered into an agreement to sell 7.5 million common shares on a bought deal basis at a price of $13.30 per share * Entered into an agreement to sell 7,519,000 common shares on a bought deal basis at a price of $13.30 per share * Net proceeds from offering,private placement will be used to temporarily repay bank indebtedness,to transact on potential strategic deals * Proceeds from offering to be used to temporarily repay bank indebtedness, to transact on potential strategic acquisitions Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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The introduction of the debt limit, monitored by the Ministry of Finance, could have a marked effect on loan growth in the sector since only those states and municipalities with lower debt levels have been acquiring credits and those with higher indebtedness could be forced to stop taking on further debt.
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"We are delighted that Richard has agreed to join the Group at this critical time and we are sure that his expertise and experience will bring significant benefit to the Group as Steinhoff develops a plan to address the Group's financial indebtedness," acting chairwoman Heather Sonn said in a statement.
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Bankruptcy court * Ocean rig udw inc says schemes will affect only financial indebtedness; operations will continue unaffected * Ocean rig udw says creditors holding in excess of 90% of affected claims of each scheme company have signed or acceded to rsa and support schemes Source text for Eikon: Further company coverage:
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Given how central housing is to the broader economy — it is the biggest driver of both wealth and indebtedness for most families, and its fluctuations have frequently been major factors in past booms and busts — this slump isn't something to be taken lightly for anyone hoping the good times will last.
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The euro zone debt crisis at the start of the last decade, which put the common currency area's survival at risk, kicked off with massive selloffs in Greek and then Portuguese debt as investors saw the two countries as the weakest links due to their high indebtedness and weak economic prospects.
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And one of the things I say on the trail is that corporate profits are at record highs, but also at record highs in the U.S.: stress, anxiety, financial insecurity, student loan indebtedness, mental illness, depression, suicides, drug overdoses, and that life expectancy has declined for the last three years.
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In mid-2014, facing a hot housing market, increased corporate indebtedness and a reluctance from households to invest in anything outside of property, the government went on a PR blitz through its network of state-run media outlets, pushing the merits of stock market investment to the greater Chinese populace.
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"Trade deficits mean that a country is spending more than it saves, and that it is increasing its indebtedness to the rest of the world," he said, adding that significant and persistent deficits could ultimately "lead to a financial crisis" when the country runs out of lenders willing to fund that transfer.
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UOP: to fund the redemption and/or repurchase of (i) the 9.875% U.S. Dollar-Denominated Senior Secured Notes due 2019, (ii) the 9.875% Euro-Denominated Senior Secured Notes due 2019, (iii) the 9.500% Senior Secured Notes due 5003, and the remainder, if any, for general corporate purposes, including the repayment of indebtedness.
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They point to the stark economic contrasts in the two eras: industrialization, rising working-class wages, and violent class conflict in the first Gilded Age; de-industrialization, falling working-class wages, and what Fraser calls "acquiescence" to exploitation — including modern phenomenons like mass stock ownership, the gig economy, mass indebtedness, and more — today.
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Announces $38.0 Million Bought Deal Financing And Reaffirms previously announced 2016 guidance * Underwriters have agreed to purchase for resale to public 13 million common shares at an issue price of $2.92 per common share * Net proceeds from offering will be used to initially reduce indebtedness Source text for Eikon: Further company coverage:
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Disrespect for the separation of powers, lack of accountability in government, failure to control irresponsible federal spending and indebtedness, non-support for policies that create private-sector jobs, executive orders that bypass Congress and other executive overreach all combine to create voter anger toward all things government, including "establishment" candidates and institutions.
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And for all its indebtedness to a self-evident franchise, the material is cheeky enough to riff on such diverse topics as Sally Field's legendary Oscar acceptance speech of 1985 and the sort of food on which this community would be likely to feast: cue cheerfully groan-worthy wordplay involving tabbouleh and hummus.
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The notion of indebtedness on the part of Mr. Manafort also aligns with assertions made in a court complaint filed in Virginia in 223 by the Russian oligarch, Oleg V. Deripaska, who claimed Mr. Manafort and his partners owed him $29.2 million related to a failed investment in a Ukrainian cable television business.
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However, the plan may help reduce the number of hours that students need to work to afford college, it may lower graduation rates from six years toward the traditional four-year cycle, it may help to decrease student indebtedness, and it may enable some students to afford the opportunity to live on campus.
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"The key vulnerabilities highlighted by the ESRB assessments are of a medium-term nature and relate to the rising indebtedness and ability of households to repay their mortgage debt or to the valuation or price dynamics of residential real estate," said the ESRB, whose deputy head is Bank of England Governor Mark Carney.
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Puerto Rico, which recently registered its largest default to date on May 2 when it failed to make a $367 million payment on bonds issued by the Government Development Bank, is struggling with a massive debt load of $70 billion in bonded indebtedness and an additional $43 billion asset deficit in the island's pension fund.
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"The oversight board has alternated between slow-walking a proper investigation into potential causes of action relating to Puerto Ricos debt issuances, actively obstructing the committees own efforts to investigate the debtors prior conduct and indebtedness, and simply allowing causes of action to lapse by failing to anticipate and meet statutory deadlines," the motion stated.
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Fitch's sovereign rating committee adjusted the output from the SRM to arrive at the final LT FC IDR by applying its QO, relative to rated peers, as follows: - Public finances: -1 notch, to reflect the significant indebtedness of SOEs which is not reflected in the model and represents a significant contingent liability to the sovereign.
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" FIFA, in response to questions addressed to Infantino, said the central purpose of the Financial Fair Play rules has been to "improve standards of financial management in European football, to reduce indebtedness, and to help clubs operate on the basis of their own resources, so they can be run as stable and sustainable businesses.
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"The oversight board has alternated between slow-walking a proper investigation into potential causes of action relating to Puerto Rico's debt issuances, actively obstructing the committee's own efforts to investigate the debtors' prior conduct and indebtedness, and simply allowing causes of action to lapse by failing to anticipate and meet statutory deadlines," the motion stated.
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Prosecutors said they will demonstrate at trial that Avenatti owed "conservatively, in excess of $15 million" and that evidence will show that he had "extraordinary indebtedness, and thus the need and motive to quickly generate substantial sums of money at the time when he engaged in the charged conduct," the The Associated Press reported Wednesday.
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"Corporate indebtedness is now quite high and I think it's a danger that if there's something else that causes a downturn, that high levels of corporate leverage could prolong the downturn and lead to lots of bankruptcies in the non-financial corporate sector," the former central bank leader said during an event at CUNY in New York.
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In connection therewith, CenturyLink has received financing commitments from BofA Merrill Lynch and Morgan Stanley & Co. LLC totaling approximately $23 billion for new secured debt facilities, comprised of a new $23 billion secured revolving credit facility and approximately $23 billion of other secured debt facilities, including the refinancing of indebtedness expected to mature prior to closing of the transaction.
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Earlier this month letters of support were agreed with several creditor groups, including a group representing 61% of the external financial indebtedness of Steinhoff Europe AG (SEAG), a majority of the total convertible bonds issued by Steinhoff Financial Holding Co (Holding) and creditors to certain group companies to which SEAG and Holding are indebted through intra-group financing arrangements.
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On June 8 letters of support were agreed with several creditor groups, including a group representing 61% of the external financial indebtedness of Steinhoff Europe AG, a majority of the total convertible bonds issued by Steinhoff Financial Holding Co (Holding) and creditors to certain group companies to which SEAG and Holding are indebted through intra-group financing arrangements.
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"Corporate indebtedness is now quite high and I think it's a danger that if there's something else that causes a downturn, that high levels of corporate leverage could prolong the downturn and lead to lots of bankruptcies in the non-financial corporate sector," Yellen told economist and New York Times columnist Paul Krugman at the City University of New York on Monday.
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KEY RATING DRIVERS The rating affirmations reflect Apollo's strong competitive position as a global alternative IM; its experienced management team; solid investment track record; large investor base; predictable management fee streams given significant FAUM and limited exposure to assets that earn fees based on net asset value; incentive income-generating capability; solid liquidity; and the subordination of general partner interests to outstanding indebtedness.
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Minerd said it would be premature now to stop hiking interest rates but added that the U.S. Federal Reserve will struggle to engineer a soft landing in coming months because of the extent of corporate indebtedness, an analysis he said he has shared as a member of the Federal Reserve Bank of New York's Investor Advisory Committee on Financial Markets.
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With a general focus on serving a lower- and middle-income clientele, these counselors offer services such as helping clients understand sound financial principles, overcome financial indebtedness, identify and modify ineffective money-management behaviors, develop successful strategies for achieving financial goals, work through financial challenges and opportunities, and understand the dynamics of money in relation to family, friends and individual self-esteem.
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Significant weakening of UGID's strategic importance to New City, dilution of its shareholding, a decreasing share of revenue from the government, and/or significantly reduced government support, may result in a downgrade; likewise, a downgrade could also stem from weaker fiscal performance or increased indebtedness at the parent, leading to a deterioration in Fitch's internal assessment of New City's creditworthiness.
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KEY RATING DRIVERS The expected rating of 'BBB+(EXP)' reflects that these are senior unsecured obligations of Banco Inbursa that rank pari passu with other senior indebtedness, and therefore, this rating is aligned with the bank's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of 'BBB+', which in turn are driven by the bank's Viability Rating (VR) of 'bbb+'.
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A comprehensive policy response would focus on pro-growth structural reforms (including tax reform), greater fiscal activism (particularly in building infrastructure), lifting pockets of over-indebtedness (for example, in Greece and, pre-emptively, for parts of student loans in the United States), and improving cross-border policy coordination (both at the global level and in strengthening the eurozone's regional economic architecture).
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RATING SENSITIVITIES Future developments that may, individually or collectively, lead to an upgrade include: - Further signs of a stabilisation in the banking sector, including a pick-up in loan restructurings - Further track record of economic recovery and reduction in private sector indebtedness - Continued fiscal adjustment leading to a decline in the government debt-to-GDP ratio - Narrowing of the current account deficit and reduction in external indebtedness - A sustained track record of market access at affordable rates Future developments that may, individually or collectively, lead to a negative rating action: - Re-intensification of the banking crisis in Cyprus - A reversal of fiscal discipline, resulting in a less favourable trajectory in debt-to-GDP - A return to recession or deflation with adverse consequences for public debt - A lack of market access, putting pressure on government and banking system liquidity.
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Stable Liquidity The $5.01 billion of unrestricted cash and investments at March 31, 173, equating to 222 DCOH, 22.7x cushion ratio and 169% cash to pro forma long-term indebtedness, provide a degree of flexibility, while liquidity has been maintained due to robust cash-flow from operations despite the heavy investment in facilities (which to a large degree has been accomplished from internal sources).
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Auctioneers Inc * On October 27, 2016, entered into a credit agreement * Credit agreement provides for an aggregate amount of up to $675 million * Credit agreement provides for delayed-draw term loan facility n an aggregate amount of $325 million * Company may use proceeds of revolving facilities to refinance certain existing indebtedness of company and its subsidiaries * Facilities will mature five years after closing date of credit agreement.
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Internal procedures, including the maintenance of a comfortable liquidity cushion and a ceiling on indebtedness at a lower level than pledges (the gearing ratio, based on the net present value (NPV) of pledges), provide additional protection to bondholders in case of a delay in or limited shortage of disbursements of grants by donor countries RATING SENSITIVITIES Fitch links IFFIm's ratings to the sovereign ratings of the UK and France.
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KEY RATING DRIVERS The expected rating of the proposed bond issue has been equalised with the rating of Austria as the obligations under the guarantee will constitute direct, unsecured, unconditional, irrevocable and unsubordinated debt of Austria, and they will rank pari passu with all other unsecured and unsubordinated loan or bond indebtedness of Austria resulting from financial debts outstanding from time to time, except for obligations ranking in priority pursuant to mandatory provisions of law.
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ANNOUNCES AGREEMENT TO SELL UP TO SEVEN VESSELS * ENTERED INTO AN AGREEMENT TO SELL UP TO SEVEN OF ITS CONTAINERSHIP VESSELS TO AN UNAFFILIATED THIRD PARTY * EXPECTS ANY VESSEL SALES PURSUANT TO AGREEMENT TO BE COMPLETED DURING Q1 2018, SUBJECT TO EXTENSION UNDER CERTAIN CIRCUMSTANCES * NET PROCEEDS FROM SALE OF VESSELS TO BE USED BY CO TO REPAY INDEBTEDNESS UNDER PREVIOUSLY ANNOUNCED CREDIT AGREEMENTS WITH ADDIEWELL Source text for Eikon: Further company coverage:
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Announces sale of Viawest to Peak 10 for approximately c$2.3 billion * Shaw Communications Inc - consideration pursuant to transaction is comprised of all cash * Shaw Communications - expects to realize net cash proceeds from deal of about c$900 million after repayment of viawest level indebtedness of about us$580 million * Shaw Communications - entered into share purchase agreement with gi partners portfolio co peak 10 holding corp to sell 100% of wholly-owned unit viawest Source text for Eikon: Further company coverage:
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Elizabeth Warren while using a slur to demean her, mistakenly tagged a random retired teacher who is not of fan of his while insulting her fellow 2413 contender Pete Buttigieg, expressed confusion about when his presidential campaign began, joked about illegally staying in power beyond a second term, brazenly gaslighted about his indebtedness to banks, and said he thinks he'll win in Minnesota in 21990 simply because a city council there decided to stop saying the Pledge of Allegiance before meetings.
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