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View Full Version : Cruzeiro do Sul to Use FGC Asset Sale to Pay Debt, Moody's Says - Bloomberg



NewsWhore
03-29-2012, 07:50 PM
Cruzeiro do Sul to Use FGC Asset Sale to Pay Debt, Moody's Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE90z36pCaNmdfWKPqK6u9qVfXpIQ&url=http://www.bloomberg.com/news/2012-03-29/cruzeiro-do-sul-to-use-fgc-asset-sale-to-pay-debt-moody-s-says.html)
Bloomberg
Cruzeiro do Sul's long-term foreign currency senior unsecured debt rating was cut two notches to B2, five steps below investment grade, Moody's said. The lender plans to sell repackaged loans to Brazil's deposit insurance fund to pay off $175 million ...

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