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View Full Version : Greece Collective Action Clauses in Agreement Risk Triggering Debt Swaps - Bloomberg



NewsWhore
02-24-2012, 02:20 PM
Greece Collective Action Clauses in Agreement Risk Triggering Debt Swaps (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFvAGvgjRjiZNmSQkIgcNjKnqqZBQ&url=http://www.bloomberg.com/news/2012-02-24/greece-collective-action-clauses-in-agreement-risk-triggering-debt-swaps.html)
Bloomberg
Credit events that trigger swaps can be caused by a reduction in principal or interest, postponement or deferral of payments, or a change in the ranking or currency of obligations. Any of these must result from a deterioration in creditworthiness, ...

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