Exact(1)
The sell-side firms that were talking about a lot of this, using the phrase "the wall of maturities," talking about a second peak in default rates, theyve really pushed that scenario back because there was so much refinancing done in 2009 that companies by and large have funded out those shorter-dated maturities.
Similar(59)
"Carmakers have had so much trouble refinancing themselves on the market and 70.0% of cars in France are bought with credit lines.
And, in fact, he reported that sales have improved dramatically of late -- so much so that refinancing has become less pressing.
Refinancing wasn't an option because the house's value had fallen so much since their last refinance.
That overhang of debt and the need to refinance so much of it swiftly is another reason why the outlook for commercial property remains blighted, says Bill Maxted, one of the authors.Capital values are now dropping less steeply than in late 2008, when they were in virtual free fall.
"But rates have fallen so much lower, we're seeing people again refinancing who just did three or four months ago.
Homeowners who owe so much on their mortgages that they can't refinance may want to consider bringing some money to the table to take advantage of today's near record-low interest rates.
By the second financing, when the units were refinanced or sold, rents had increased so much that just 4percentt of the same units were categorized as affordable.
When so much of the asset value is committed to paying back debt obligations, a small loss in this value can freeze refinancing, and this can cause havoc in a highly interconnected financial system.
So much.
So much, so sparingly.
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