The stock market is in broad retreat with screens barking red as investors focus on rumblings from the debt markets.
Fitz & Jen: Next Shoe Drops On McClatchy Debt Exchange: Fitch …
May 21, 2009 By
Fitz: You could see this one coming as soon as The McClatchy Co. early Thursday announced its plan to exchange $1.15 billion for new notes at a steep discount on face value,though with a big yield. Fitch Ratings was the…
Britain’s debt outlook lowered to negative (AP via Yahoo! News)
May 21, 2009 By
Britain faces the unsettling possibility of seeing its debt rating downgraded, after credit ratings firm Standard & Poor’s said Thursday it has revised the country’s outlook to negative from stable.
Felix Salmon » Blog Archive » Can America's debt get too big to …
May 21, 2009 By
Our national debt is over $11 trillion, it is not unreasonable to think that in my lifetime I will see a quadrillion dollar national debt. Do you think that there is a level of debt at which the United States would pull a ‘latin …
McClatchy Offers To Exchange Some Debt; Not The Cure To Its Ills …
May 21, 2009 By
The company said it can exchange about $350 milllion of its debt, buying itself a few more years on having to repay that chunk of loans. But even with that move, the company currently has almost $1.2 billion in debt on its books, …
Star's parent company reorganizing its debt – Kansas City Star
May 21, 2009 By
The McClatchy Co., whose newspapers include The Kansas City Star, said today that it was offering a $1.15 billion private debt exchange and had amended a credit agreement as part of its efforts to reduce its $2 billion debt load.
McClatchy Starts $1.15B Private Debt Exchange Offer
May 21, 2009 By
SAN FRANCISCO — McClatchy Co. is offering to buy back $1.15 billion in debt at a steep discount, a proposal that presumes the newspaper publisher’s unsecured lenders will accept a fraction of the amount they are owed rather than risk …
Britain’s debt outlook lowered to negative (San Francisco Chronicle)
May 21, 2009 By
Britain faces the unsettling possibility of seeing its debt rating downgraded, after credit ratings firm Standard & Poor’s said Thursday it has revised the country’s outlook to negative from stable. Though the ratings agency reaffirmed the country’s long-term… Related: Standard & Poor – Credit rating agency – CreditRating – Bond credit rating – Business
SUSAN TOMPOR: Don’t get burned by debt settlement offers (Detroit Free Press)
May 21, 2009 By
Aimee and Mark SooSoo owed so much money on their credit cards that the minimum payments alone added up to $2,000 a month. Or put another way, the Sterling Heights couple paid about $700 more a month for ugly card debt than they paid on their mortgage.
Attorney General Investigates Debt Settlement Companies (13WHAM Rochester)
May 20, 2009 By
Rochester, N.Y. — Debt consolidation companies promise to help consumers reduce their credit-card debt over a few months or years. If it sounds too good to be true, NYS Attorney…
