KPN has had difficulty refinancing its debt, as its credit rating has slid.
The quickening pace of decline could hurt the broader economy by leading to more foreclosures as homeowners have difficulty refinancing mortgages and by sapping consumer spending as Americans feel less wealthy.
The co-op must show, for example, that the sponsor has retained a large percentage of the units in the building; that the situation makes it difficult for co-op owners to sell their shares; that the co-op itself has difficulty refinancing the building on reasonable terms; and that the presence of rental tenants increases wear and tear on the building.
The recent downgrading of utilities and energy companies in the wake of Enron has led to numerous companies being downgraded to junk status by the rating agencies who seemed to feel these companies would have difficulty refinancing their bank debt.
The Great Recession in Iceland was a major economic and political event in Iceland that involved the collapse of all three of the country's major privately owned commercial banks, following their difficulties in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
Three years ago, after a series of financial difficulties, they refinanced for $185,000 for reasons they no longer understand.
Now policymakers are scrambling to build an economic breakwater that might protect the emirate's prosperity from adverse tides: plunging property prices, ebbing trade and tourism, and the unaccustomed difficulty of refinancing its ambitions.The debt of Dubai's government and government-controlled companies is about $80 billion.
The government is giving as many people as it possibly can the chance to buy a house or, if they are in financial difficulty, refinance it.
Job losses and downsizing, the increasing difficulty of securing refinancing and the resetting of nontraditional mortgages are leaving many homeowners in the higher-price brackets overextended.. AN HONEST ASSESSMENT Regulations intended to tighten the appraisal industry are having unintended consequences, not always beneficial.
Middleton and his analysts assembled individual cash-flow projections for some 260 properties and concluded that GGP would have difficulty paying or refinancing its $24 billion in debt.
