Q3 should bring improved comps driven by improved assortments in the apparel category." Urban Outfitters CFO Francis Conforti said he believes "markdown rates for Q3 could exceed last year's historically low rates and end up more similar to the average Q3 rates over the last five years." Conforti added, "If you look into Q3, we do believe that we could deleverage
by roughly 200 basis points." Comments taken from the Urban Outfitters Q2 earnings conference call.
Sunac's management has publicly made a commitment to deleverage
and Fitch believes there is no pressure for the company to continue adding to its land bank aggressively as it has more than 100 million sq m of saleable gross floor area (GFA) on an attributable basis, an ample supply that will last for over five years of development.
"We expect margins to remain pressured in the short to medium term as AUTO's main focus is to alleviate the inventory buildup and deleverage
their balance sheet," the report said.
Zhang Xiaohui, an assistant central bank governor, said that the drive to force financial institutions to deleverage
, could affect the stability in market supply and demand of funding.
In addition, Sanoma's board of directors also renewed its long-term financial targets, with Sanoma continuing to deleverage
its balance sheet.
Bank's total income was Dh211 million in the third quarter 2016 as the bank continues to deleverage
its higher risk, albeit higher yielding non-core portfolios, offset by proactive cost of funds management.
While the slower progress of technological advances and other fundamental drivers of growth may have caused the initial downturn, the need to deleverage
has exacerbated the economic slowdown.
Proceeds from the sale were utilized to fully deleverage
at ASEC Cement and partially deleverage
ASEC Holding, with the balance being distributed to shareholders.
Faced with falling asset prices, households and companies then attempted to deleverage
A fiscal stimulus must therefore aim at groups or sectors in the economy having the lowest propensity to deleverage
. The higher the share of the money pumped out that goes to debt deleveraging, the less the impact on the real economy will be.
The transaction complements the ongoing deleverage
of UK loans from the wider UK portfolio transferred from Laiki.