Moody's downgrades Spanish Broadcasting's CFR to Caa2 and PDR to Caa3-PD; outlook changed to Negative – Moodys.com (press release) (subscription)

Moody's downgrades Spanish Broadcasting's CFR to Caa2 and PDR to Caa3-PD; outlook changed to NegativeMoodys.com (press release) (subscription)The downgrades and Negative outlook reflect the need to address restrictions related to its Voting Rights Triggering Event and the heightened potential for payment default given the near term maturity of the $275 million senior secured notes due April …and more »

Bilingual Legal Terminology Dictionary

Puerto Rico Proposes 46% Reduction of Debt in Restructuring – Bloomberg

BloombergPuerto Rico Proposes 46% Reduction of Debt in RestructuringBloombergIn the proposal, general-obligation bonds get more money back than sales-tax debt, called Cofinas by their Spanish acronym. Cofina investors may take issue with that, said Lyle Fitterer, head of tax-exempt debt in Menomonee Falls, Wisconsin, at Wells …and more »

Britons must face up to Brexit consequences – Irish Examiner

Irish ExaminerBritons must face up to Brexit consequencesIrish ExaminerWho would commit to a long-term investment in the UK without knowing what legal arrangements will be in place? To avoid this outcome, the European Council should affirm the UK's far more stable prospects as an EU … The UK — and Europe — may be in …and more »

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