FAIRPORT, N.Y.—-PAETEC Holding Corp. today announced it has paid down $10 million of its outstanding revolving loan under its credit facility. “With the stabilizing trend in the operating environment and capital markets, we continue to proactively manage our balance sheet by reducing outstanding debt with the excess cash flow generated by operations,” said Arunas Chesonis, PAETEC chairman and …
Location: debt counseling » Archives for stabilizing
Lithuania’s Debt Ratings Cut by Moody’s on Recession (Update3) (Bloomberg)
Sept. 29 (Bloomberg) — Lithuania, mired in the European Union’s deepest recession , had its foreign and local-currency debt ratings cut by Moody’s, which cited “severe pressure” on the budget.
Recent Comments