search query: @indexterm debt service ratio / total: 14
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| Author: | Worthy, F. |
| Title: | The coming defaults in junk bonds. |
| Journal: | Fortune
1987 : MAR 16, VOL. 115:6, p. 20-27 |
| Index terms: | BONDS SECURITIES DEBT FINANCING DEBT SERVICE RATIO |
| Language: | eng |
| Abstract: | Problems facing high-yield, low-quality securities, known as junk bonds and the implications for small investors and large corporations, the need to restrict the ability of those using junk bonds to raise money for takeover bids and slow down the number of acquisitions, how the prices of such bonds have fluctuated, their sale linked with leveraged buyouts and low interest rate and the risk of default. Graphs list companies whose bonds are vulnerable, companies that have defaulted, those whose bonds may be upgraded and the cash flows of three companies. The acceptance of bonds by banks to cover short-term loans is also referred to. |
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