Explaining why the country can't service its debt
, Mr Forson said that in order to assess if a country will be able to pay its debt or not, there are four main thresholds, including the present value of debt to GDP ratio and the present value of debt to export ratio.
The prospectus, seen by Daily News Egypt, said that high levels of debt could have a material adverse effect on Egypt's economy and its ability to service its debt
, including the notes.
"It ought to be clear that the ECB's special restrictions when combined with disbursement delays would make it impossible for any government to service its debt
," Tsipras wrote.
The impairment does not affect the company's ability to continue operations or service its debt
obligations," a statement from TAQA stated.
Many businesses have secured funding and development capital in 2013 and while they can service this debt now, if interest rates were to increase substantially then businesses may find it more challenging to service its debt
Without economic growth, it cannot afford to service its debt
. But the financial volatility caused by the debt crisis, is a drag on its economic recovery.
Dana Gas's stock price and sukuk have been both affected by market fears related to the company's capacity to service its debt
So important was the project to the city's goals to reposition itself, the $119 million venture was granted permission by the New Jersey Economic Development Authority to divert its real estate taxes via PILOT payments to service its debt
something typically reserved for affordable housing.
Historically, we want to see the volatility in cash flow to ensure a company can service its debt
, even in a down year."
But after a 30-day period the rating agency will evaluate the country's ability to service its debt
, if it does, it would upgrade the nation's rating.
S&P said its credit ratings analysis focuses on a company's ability to generate cash flow from its core business to service its debt