Default fears resurface over Singapore's looming debt wall
Massive debts trigger renewed fear of defaults among Singapore's oil service companies. Most recently, firm Ezra Holdings has filed for Chapter 11 in the US, and the company's shareholders could face significant losses.
BY DENISE WEE, BLOOMBERG
Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing of a firm from the city flags lingering pain despite economic recovery.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Norway's Borr Drilling in giant order for 15 drilling rigs
For subscribers
Billions of resources lie hidden in the Baltic
For subscribers
.jpg&w=384&q=75){kind=logo}