Paramount Debt at Risk of Downgrade From Moody’s After Skydance Deal
Paramount’s Times Square office. Getty Images The credit agencies are weighing in on Paramount Global, fresh off the deal that would hand control over the entertainment giant to David Ellison’s Skydance. Moody’s warned in a note that it is placing Paramount’s ratings on review for a downgrade, a move that would rate the company’s debt […]
4 Million People Affected by Debt Collector Data Theft Hack
Breach Notification , Cybercrime , Fraud Management & Cybercrime … View the full article to continue reading…
Debt collection agency says data breach affected more than 4 million people
A data breach discovered in February potentially exposed information on more than 4 million people, debt collection agency Financial Business and Consumer Solutions (FBCS) said in an updated regulatory filing Monday. The Pennsylvania-based company has steadily revised its assessment of the potential impact of the breach since it first began notifying customers in April. The […]
QIC bets on Europe port operator
Queensland Investment Corporation is making a bet on trade growth in Europe despite geopolitical tensions in the region QIC Private Debt Infrastructure has committed $80m to junior loan financing for HES International BV, one of Europe’s largest independent portfolios of dry and liquid bulk port facilities. The QIC junior loan forms part of a €220m […]
Private collection agencies being mulled for recouping EFKA dues
The Single Social Security Entity (EFKA) could collect an extra 4 billion euros from large debtors as well as from debts that increase disproportionately due to very high additional fees and surcharges, if the appropriate mechanism were in place. Already, the Social Security Debt Collection Center (KEAO) collects around €1-1.5 billion annually through arrangements and […]
Thames Water prepares debt contingency plan as it warns on cash | Business News
By James Sillars, Business reporter @SkyNewsBiz Tuesday 9 July 2024 07:49, UK Crisis-hit Thames Water has warned its cash is at risk of running dry by the end May next year due to a lack of new investment, forcing it to prepare… View the full article to continue reading…
Technical Debt to Technical Wellness for State and Local
“And you put those two together and you start getting a better sense of where to focus instead of making it ‘mainframe bad, cloud good,’” he says. The vast majority of technical debt, Briggs says, arise from IT leaders who had good intentions, knew they were making what they considered a justifiable trade-off when they […]
Hong Kong property: fire sales dominate first-half deals as debt stress weighs on owners
Sales of distressed real estate in Hong Kong jumped in the first half of the year, accounting for about three quarters of the volume, with the coming months likely to see an unusually high number of such transactions, according to CBRE. Distressed sales typically account for less than 10 per cent of transactions in the […]
High debt to shrink fiscal space for Prabowo administration – Economy
he high government debt incurred during the two consecutive terms of President Joko “Jokowi” Widodo is expected to leave president-elect Prabowo Subianto with limited fiscal space… View the full article to continue reading…
Businesses look to restructuring for ATO debt solution
South Australian small businesses are facing a choice between calling in the liquidators or bringing in restructuring firms to go on payment plans amid mounting tax debts owed to the Australian Tax Office (ATO). At an information night held three weeks ago by licensed small business restructuring (SMB) firm Small Business Restructuring, five clients representing […]