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Catalonia says it can no longer obtain loans in the financial markets to support its debt.
Investors were more focused on Qwest's need for growth in its remaining business to support its debt.
NRG Energy Inc., a power producer, plans to postpone spending $900 million on electricity generators next year to try to support its debt rating.
Higher rates also threaten to sap Italy's long-term ability to support its debt load, nearly 120 percent of its annual economic output at the end of last year, which is among the highest for countries that use the euro currency.
Sirius has $175.0 million of convertible notes maturing on Feb. 17, $350.0 million of secured bank debt due in May and an additional $433.0 million in convertible notes due in December, without any positive cash flow to support its debt burden.
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According to an American official who was not authorized to comment publicly, the Treasury secretary urged Europe to send a strong message to the market by putting up a large enough sum of money to support its debt-ridden nations and banks.
While a deal is yet to be signed it is thought that Citigroup, which took control of EMI in February after Guy Hands's Terra Firma could no longer support its debts, is in the final stages of hammering out an agreement.
UNITED ARTISTS THEATRE CO., Denver, the owner of more than 2,000 movie screens in the United States, may not be able to stay in business, according to its auditor, as growing losses and declining cash flow leave the company unable to support its high debt.
A giant plot of land — 139 square miles — with only half the residents it once had, Detroit has watched in recent years as tax revenues have slipped too low to support its costs, its debts have swelled to a stunning $12 billion, and, this spring, its money nearly ran out.
Fannie and Freddie, even more so than Bear Stearns, are dependent on the confidence of the marketplace and immediate access to short term credit markets in order to support its mountain of debt.
More depressing: Rite Aid's $250 million in operating income wouldn't support its $6.7 billion in debt.
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