The deal with supporting creditors “will reduce the amount of Commonwealth-related bonds outstanding to less than $12 billion.”
The contribution will "significantly address" the underfunding of the plan, which, as of Dec. 31, had a funding ratio of 75.8%.
The rating agency says China's "financial strength will erode somewhat over the coming years" as a result of excessive economy-wide debt.
Global debt grew to $215 trillion, or 325% of global GDP, in 2016, with EM countries' debt more than tripling to $56 trillion over the past decade.
U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
The "Brexit" will deter investment in the U.K.'s economy and put its financial sector at a competitive disadvantage, S&P predicts.
Doing a deal with an affiliate? Existing lenders or debtholders will require assurances that the transaction is carried out in arm’s-length fashion.
The Denver company says the declining price of oil and the closure of a key pipeline "continue to be serious problems."
The call-center software company plans to execute a restructuring that would eliminate $320 million in debt and equitize another $60 million.
The ratings agency says the brewer's bonds could be downgraded to junk if it acquires SABMiller with debt only.
Global Maritime Investments has filed Chapter 11 bankruptcy due to decade-low charter rates for its ships.
Still, given the fall in energy prices, Moody's expects the speculative-grade default rate to rise to 3.1% in 2016.
