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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: tom who wrote (1626)1/27/1998 9:22:00 AM
From: Richard A. Green  Read Replies (1) | Respond to of 9980
 
Re moratorium: no formal moratorium yet, just a little forebearance...

Washington Post story says (re Prawiro's statement), "That announcement stopped short of a formal debt moratorium - which could possibly ruin Indonesia's credit standing for years to come - because Prawiro said that 'corporations able to service their debts must continue to do so.'"

washingtonpost.com

Best wishes,
Richard