SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Micronetics Wireless (NOIZ)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Len Giammetta who wrote (95)1/27/1998 8:05:00 AM
From: Len Giammetta   of 160
 
Indonesia in the news... not too good!

''Standard and Poor's today lowered its long-term foreign currency rating on Republic of Indonesia to single-B from double-B and its local currency rating to double-B minus from triple-B.

The downgrades are based on Indonesia's deepening financial crisis and diminished external payments flexibility as evidenced by the government's suspension of foreign currency debt servicing by trouble corporates.

biz.yahoo.com

JAKARTA, Jan 27 (Reuters) - Indonesia's announcement on Tuesday of a
temporary freeze on servicing its mountain of corporate debt only formalised what companies had already been doing, economic analysts said.

''Technically, a number of companies were involved in a debt moratorium anyway, given they'd ceased servicing their debt,'' said Callum Henderson, managing analyst at MMS International in Hong Kong.

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext