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That has had the effect of reducing the risk of that debt defaulting, so that is good in a sense.
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By 1990 the company, laden with debt, defaulted on its bonds.
Between 1995 and 1998, just 1.1% of outstanding U.S. junk debt defaulted, far below historical averages.
Debt default was not his project, he stressed.
IS PARAGUAY heading for a debt default?
Could a debt default still happen?
Most investors already view outright debt default as inevitable.
Otherwise, the chances of avoiding a debt default look slim.
The result could be a disastrous debt default.
Failing that, open debt default may be unavoidable.
I don't believe a United States debt default is inevitable.
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