Similar(60)
He already owned 29percentt of the company's senior debt.
Hybrid debt ranks below senior debt but above equity in a company's capital structure.
The holders of senior debt will be repaid and depositors will not lose their money.
And Moody's lowered its rating on Wells Fargo's senior debt to A2 from A1.
Last week, Moody's downgraded its senior debt and deposit ratings of 30 smaller Spanish banks.
Unlike senior debt, the issuer has freedom to suspend coupon payments and defer repayment of principal.
The ratings agency cut Bank of America's long-term senior debt to Baa1, three levels above junk.
Moody's currently rates Bank of America's senior debt A2, Citigroup's A3 and Wells Fargo's A1.
Moody's lowered its rating on Wells Fargo's senior debt to A2 from A1.
Verizon New England, $300 million of 40 year $25 par senior debt; 12 million of $25 par of senior debt due 2042, Aa2/A+/.
"There will be no haircut on senior debt, not to speak of sovereign debt," declared Mr Rehn.
More suggestions(1)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com