But the time and resources invested earlier in designing and implementing debt management strategies provided them with room to maneuver.

不过，早前在制定并实施债务管理战略方面投入的时间和资源为他们提供了回旋余地。

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Years of underinvestment, outdated technology, and poor management had left them crippled with debt.

但是，由于长期缺乏资金，技术过时以及管理手段拙劣等原因，这两家公司背负了大量的债务。

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Alan Wilde, head of fixed income and currency at Baring Asset Management, said: "the crisis is reaching another key phase with debt auctions this week."

霸菱资产管理公司(Baring Asset Management)固定收益及货币业务主管艾伦·王尔德(Alan Wilde)表示：“本周举行债券拍卖时，危机将进入另一个关键阶段。”

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Often with relatively small ownership stakes, the fund calls for share buybacks financed with debt, management changes or an outright sale.

ECONOMIST: Face value

The Scottish government has announced plans to alter its debt management scheme to help Scots struggling with their finances.

BBC: Ministers plan changes to debt arrangement scheme

He says an ample portion of its low-quality debt could still be salvaged with good management.

CNN: Laying the blame for the Bank of Commerce troubles