The word "restructurings" is correct and usable in written English.
It is a noun that is used to describe the process of reorganizing or changing the structure of something, often a company or organization. Example sentence: With the recent restructurings, the company is expected to increase its profits in the next quarter.
The new precedent will probably mire more restructurings in litigation and make bondholders leerier of agreeing to restructure their claims in the first place.
According to Eurodad, the coalition of civil society groups that campaigns on debt, there have been 600 sovereign debt restructurings since the 1950s – with many governments, including Argentina for example, experiencing one wrenching write-off after another.
The sales and restructurings are not necessarily related.
Everyone agrees that GE practises one form of earnings management: it times one-off asset sales to coincide with one-off write-downs or restructurings.
Mexico has issued debt with payments linked to oil prices, but such instruments have mainly been used in restructurings.
So why do governments keep their flag carriers?Partly because there are few options beyond an endless cycle of failed restructurings.
The project was called Ford 2000 and constituted one of the most fundamental restructurings in the 1990s' rush to re-engineer firms to exploit computing.
ALTHOUGH Philips seems to have become a model for Japanese rivals because of its readiness to quit unprofitable businesses, the company's restructurings seem to be as endless as the staircases and waterfalls in the works of Escher, another famous Dutch name.
But if every creditor holds out for a better deal, insolvent governments will be unable to reach an agreement with them, and restructurings will fail.
There is an opening, provided by the expiry on December 31st of the "Rights Upon Future Offers" clause of the bond contracts, which bars the government from offering one group of bondholders a better deal than the terms others received during earlier debt restructurings.
"When there are more restructurings and bankruptcies, there is a lot more potential for mischief," says Mr Hu.
