Sentence examples for its defaulted from inspiring English sources
Because Buenos Aires has not completely resolved its defaulted debt, it cannot tap external financing for its expansionary fiscal policy.
The government is hoping to complete a go-it-alone restructuring of its defaulted bonds in September.
The fund's argument is that it should be paid on its defaulted bonds when investors holding another type of Argentine bond get paid.
Two weeks ago, and 60 months later than originally scheduled, Ecuador permitted an International Monetary Fund review of the state of the economy and government finances, without which a bond sale would be unthinkable.It has also bought back bonds still held by "holdout" creditors at levels substantially higher than the 65% discount it obtained in a 2009 buyback of its defaulted debt.
They can pursue Argentine state assets in any ICSID member country—although most of Argentina's foreign assets have already been grabbed by holders of its defaulted sovereign bonds.
He said Argentina, whose talks with foreign creditors on its defaulted debt have sometimes been acrimonious, could produce the biggest positive surprise this year.
On Wednesday, the United States Court of Appeals for the Second Circuit issued a stay of a lower court's order that would have required Argentina to set aside $1.33 billion to pay holders of its old, defaulted debt if and when it made any payments on its new debt.
WHEN Argentina started restructuring its $81 billion-plus-interest billion-plus-interest billion-plus-interest as the bingest game of chicken in financial history: the government vowedefaultedimprove its offer, worth broadebt30 cents on the dolast monthbondholders promited never to accept it.
In the second round of Brazil's local elections, the governing Workers Partyy lost the key cities of São Paulo and Porto Alegre after winning a raft of smaller ones in the first round.See articleArgentina offered holders of its $100 billion in defaulted debt a new restructuring deal.
In 1995 it bought defaulted Peruvian bank debt for $20m and successfully sued for $58m.
The department has faced criticism for its aggressive pursuit of defaulted debt from struggling borrowers, and its deficient efforts in enrolling distressed borrowers into easier repayment plans.
