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NRG defaulted on $850 million of bonds last week after missing interest payments, and began talks with banks and bondholders to restructure $10.2 billion of debt, it said.
National Equipment, which reported $621.3 million in fiscal 2002 sales and a $193.5 million net loss, filed Chapter 11 papers in Chicago last June after missing interest payments to bondholders.
Declining defaults means fewer companies are bilking banks and bond funds by missing interest payments or filing for bankruptcy, even while other gauges of credit are showing signs of stress.
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Many companies have missed interest payments or sought bankruptcy protection.
If a payment is missed, interest rolls up and the sums to be retrieved increase.
Geo and Urbi have missed interest payments to creditors since April and are trying to restructure their debts.
Seventeen of the defaults came from missed interest or principal payments, 11 from bankruptcy filings and eight from distressed exchanges.
Polaroid said last week that it would miss interest payments due this month and next on more than $500 million in bonds.
Default Fantasies Fitch Ratings is the latest credit watchdog to warn about the consequences of a missed interest payment by the United States.
And today, after more war and a dozen years of missed interest payments, the country owes, by many estimates, more than a hundred billion dollars.
The credit-rating agency Standard & Poor's officially declared Argentina in default on July 30th, when the monthlong grace period following its missed interest payment expired.
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