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Reuters

S&P downgrades South Africa's local currency debt to 'junk' status
Reuters
JOHANNESBURG (Reuters) - S&P Global Ratings downgraded South African local currency debt to “junk” territory on Friday, citing a further deterioration in the country's economic outlook and public finances, sending the rand tumbling. FILE PHOTO: A view ...
S&P Cuts South Africa Debt Rating, Moody's Issues WarningBloomberg
UPDATE 2-S&P downgrades South Africa's local currency debt to "junk" statusKitco News
South Africa's weak growth, rising debt could trigger deeper downgradesNasdaq
CNBCAfrica.com -Financial Times -The Australian Financial Review
all 78 news articles »


CNBC

Canada's household debt levels higher than any other country, report says
CNBC
Household debt levels in Canada are higher than in any other country, according to a report by the Organization for Economic Cooperation and Development (OECD). In a preliminary version of the report, set to be released fully next month, the OECD found ...
OECD Warns on Rising Debt Risk as Canadians Most in the RedBloomberg
Canadians to increase holiday spending despite OECD debt warningsDigital Journal
Canadians Are More In Debt Than Anyone Else In The WorldMTL Blog (blog)
Huffington Post Canada -CBC.ca
all 22 news articles »


Yahoo Finance

ArcelorMittal Poised on Debt Cuts, Action 2020 Initiatives
Yahoo Finance
The company's net debt declined to $12 billion at the end of third-quarter 2017 from $12.2 billion a year ago, owing to positive free cash flows, leading to lower interest expenses. ArcelorMittal also remains on track with its cost-reduction actions ...



AOL

How to have a debt-free holiday season
AOL
If you want to avoid going into debt, don't wait until November or December to find the cash for gifts. Instead, make saving for the holidays something you do year-round. If you know you'll spend around $1,000, saving $80 a month means you won't have ...



Debt-settlement bill worries consumer groups
The Columbus Dispatch
A bill pending in the Ohio General Assembly seeks to address struggling consumers buried under a pile of debt. Proponents of the bill say provisions would give consumers more options to work out their problems. Opponents fear it might put them in a ...



NPR

Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
NPR
Economists were much more certain about what the tax bills would do to the debt. They were asked whether a tax bill like those in the House and Senate right now would leave the U.S. debt-to-GDP ratio (a common measure of how large the national debt is) ...
New dynamic score shows the Senate tax bill raises debt by more than advertisedVox
Letter: Don't let tax plan add to national debtEvansville Courier & Press
Jay Ambrose: Reform taxes, but watch the debtAllentown Morning Call
Washington Post -IGM Forum -New York Times -The White House
all 261 news articles »


CANADA FX DEBT-C$ flat vs weaker US dollar, GDP data eyed
Reuters
(Adds analyst comment, details, updates prices) * Canadian dollar at C$1.2714, or 78.66 U.S. cents * Loonie gains 0.4 percent against greenback over week * Bond prices mixed across flatter maturity curve By Alastair Sharp TORONTO, Nov 24 (Reuters) ...

and more »


Bloomberg

Altice's Debt Diet Needs to be Stricter - Bloomberg Gadfly
Bloomberg
Selling just the lowest-hanging fruit looks over confident.
S&P cuts outlook on Altice debtFinancial Times

all 14 news articles »


Moody's assigns B3 foreign currency issuer and debt ratings to Argentina's Province of Río Negro
Moodys.com (press release)
The issuance will result in a significant increase in the province's level of indebtedness, with its ratio of total debt to total revenue rising to 51% at the end of 2017 from 27% a year earlier. In addition, the bond placement will raise Río Negro's ...

and more »


Wall Street Journal

Tax Bill's Fine Print: Making It Tougher for Cities, States to Refinance Debt
Wall Street Journal
The reason: The Republican tax plan in congress would eliminate a tax exemption on some types of bonds issued by state and local governments to refinance their old debt. “It just made all the sense in the world to do it,” Mr. Matson said. The GOP ...

and more »

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