Quintis recovery value in focus
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One analyst thinks the recovery value on Quintis' bonds could be as low as 37 cents in the dollar.
One analyst thinks the recovery value on Quintis' bonds could be as low as 37 cents in the dollar.
Middle-aged property investors are most likely to be seduced into tapping rising house equity for consumption, ramping up debt to a level that threatens to become a systemic risk.
The rating agency said Qatar's economy would suffer from the decision on Monday of Saudi Arabia, the United Arab Emirates, Egypt and Bahrain to cut diplomatic and transport ties with Doha.
With $17 million in the bank and liabilities exceeding that figure, Quintis appears to be on the cusp of default.
Despite this week's ructions, Qatar retains a lower borrowing rate than neighbouring Saudi Arabia, Egypt and Bahrain.
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Debt restructuring adviser Houlihan Lokey has another job on its plate.
Slowing US jobs growth is unlikely to prevent the Fed from lifting rates this month but will keep markets guessing on future tightening.
The two biggest US banks said second-quarter trading revenue is on pace to drop at least 10 per cent.
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