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Debt now became something to be refinanced rather than repaid.
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But even with rates down, some property owners are refinancing rather than selling at low prices, especially after the terrorist attacks in September, analysts said.
Defaults on junk bonds are the lowest ever, he added, and about 75 percent of the deals are aimed at refinancing, rather than taking on additional debt.
S.& P. cited a "higher probability that all or some" of that amount would be refinanced with Williams's debt rather than its stock "due to significantly greater-than-expected deterioration of the asset value of Williams Communications".
With rates down, some property owners chose to refinance rather than sell at what they thought were low offers.
While less than 10,000 mortgages have been modified, more than 3 million mortgages have been refinanced.
Respect must be earned rather than demanded.
Let it be sooner rather than later.
He should be pitied rather than condemned.
Be responsive rather than reactive.
Be constructive rather than critical.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com