Sentence examples for debt reclassification from inspiring English sources

Until the debt reclassification last September, a fantasy budget might not have been an insurmountable problem for Network Rail, as it could borrow at will and smooth over poor planning.

Foamex lost $72 million on revenue of $1.3 billion last year, resulting in a violation of its loan covenants and a reclassification of its entire $771 million in debt as current.

The Treasury had been keen to resist this since Network Rail's debt of £38.5bn came on to its balance sheet on reclassification as a state-owned body last year.

A not-for-dividend organisation with no shareholders, NR effectively moved into the public sector in a reclassification of its status last September when its net debt of more than £30bn came on to the government's books.

The background to the changes is increased scrutiny of the organisation in light of its official reclassification as part of the British state, along with its £38bn debt.

Osborne's optimistic projections rely on an assumption of growth and stronger tax receipts over the next few years, but the OBR description of the Office for National Statistics reclassification of housing associations as a "statistical detail" and backdating the debt addition acts as a windfall for the Treasury, with debt dropping from 83.6% of national income to 82.5%.

The 95% increase included gains on disposals of $1.1bn, reclassification of a business as well as a negative impact on the cost of buying back its own debt.

Furthermore, Mr Chakrabortty's argument that each Briton is £539 worse off as a result of the reclassification of Network Rail fails to take account of the other half of the balance sheet – Network Rail's debt stands at around 65%-70%-70%its regulated asset base (itself an understatement as a result of historical adjustments).

The company's debt also widened considerably from £33bn to £37.8bn – a sum that  has now been moved on to the Government's balance sheet, following the company's reclassification as a public body last year by the European Union.

The reclassification may also help find drugs.

Reclassification of the figures is on the cards.