The RWN will be resolved in the coming weeks once the transaction is completed and Fitch is able to assess the company's deleveraging
Global Banking News-July 31, 2017--China central bank to ensure smooth deleveraging
Our exit from Misr Qena is one of several developments taking place during 2015 that play into our risk reduction strategy and our ongoing deleveraging
program, said Ahmed Heikal, Chairman and Founder of Qalaa Holdings.
Qalaa has repeatedly stressed that deleveraging
is one of the company's key strategic goals for 2015 and onward," said Qalaa Co-Founder and Managing Director Hisham El-Khazindar.
2bn, mainly on increased deposits held by non-Cyprus residents, as deleveraging
continues, the Central Bank of Cyprus said.
In any event, the much discussed expectation was that the world, post-crisis, would be going through a period of deleveraging
Dubai: The world economy continues to face the risk of contraction from collective deleveraging
, where everyone is rushing to pay down debt at the same time, resulting in a contraction in demand which could potentially result in another global economic crisis, said Paul Krugman, Professor of Economics at Princeton University and winner of Nobel Prize in Economics in 2008.
depressed the economy as households cut consumption and businesses cut investment.
of debt by households and lack of non-financial corporate investment.
Household debt began falling during the recession, and this deleveraging
continued for four years after the economy resumed growing.
Greg Fewer, chief financial officer, said: "Our strategy to continue deleveraging
the business and reduce the company's annual interest payment is well advanced.
68 trillion in the third quarter of 2008, reflecting the extensive deleveraging
by households in the years following the housing-market collapse and financial crisis.