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The country had defaulted and restructured its debt, causing losses among bondholders.
In the extreme, it might be unable to pay interest on, or redeem, its debt, causing a default.
KeySpan netted $473 million last month in a share sale to cut debt, causing the stock to fall on concern that the move will dilute earnings.
Greece is increasingly perceived as likely to default on its debt, causing as-yet-unknown problems for the global financial system.
That in turn could lead to a default on its debt, causing financial contagion as investors worry about what will happen to bigger economies like Spain's and Italy's.
That is in contrast to the experience of Russia in 1988, when it defaulted on part of its $200 billion in foreign debt, causing economic harm in many developing countries.
Similar(48)
"Debt causes depression," he says.
One source suggests that debt caused the secession.
Of course, debt causes huge stress among students.
Debt due to overconsumption is not like debt caused by households expanding their balance sheets with financial assets.
Since the fraud became public, HealthSouth has wrestled with debt caused by the repercussions from the fraud.
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