PPRuNe Forums - View Single Post - VA pilots worried about employment 2021
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Old 7th Mar 2020, 10:27
  #247 (permalink)  
B772
 
Join Date: Aug 2000
Location: International
Age: 76
Posts: 1,395
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PoppaJoe: VA may not see October next year !. Your question "So they will need another cash injection late next year?" is best answered by saying they need to sell assets or find cash somewhere very soon. The Bonds sold in Nov 19 have lost 25% of their value. The current yield is 10.666%. Should the capital value fall lower ( I am of the opinion they will) with an increase in the yield they will be referred to as junk bonds.

You may be aware on 28 Nov 2020 S&P Global Ratings revised its outlook on VA from stable to negative with B+ credit rating on the company. The companies debt is rated as B. The both of these ratings suggest VA is risky with a higher than average chance of default.
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