English
Two of the investment vehicles of the British fund Cheyne Capital, which bought the assets of Tractorul SA - Brasov via Cheyne Capital, have defaulted. Standard & Poor"s therefore lowered their rating to D, the lowest level. S&P downgraded the commercial, medium-term and short-term securities issued by Cheyne Finance Plc and Cheyne Finance LLC, both controlled by Cheyne Capital as they are no longer able to settle debts of nearly 7.3 billion USD.
Tractorul Asset Buyers Sees Financial Trouble
F.A.
Ziarul BURSA #English Section / 23 octombrie 2007
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