It avoids a technical default but it does impose pain on the private sector.
An agreement must be reached next month or in early March to avoid a US technical default.
The judge's action, on appeal, could be construed as putting Greyhound in technical default on a credit line.
Although few investors remember it, the U.S. has flirted with technical default before.
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One company, Pasadena-based Paula Financial, is in technical default on a bank loan.
Some debtholders did not get their money back straight away, a technical default.
If Rite Aid didn't report, the company would be in technical default on its debt unless it could get waivers from lenders.
Higher yields are bearish and yet a technical default would be bullish.
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The most likely conclusion to the drama will be a technical default that should not have widespread implications for the emerging market debt market.
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The Eurogroup is expected to find a way to avoid a technical default in Greece, but reaching an agreement on the broader issue will be much more difficult.
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Even if analysts were so enlightened as to look beyond these numbers, many companies would nonetheless be in breach of their loan covenants, and thus in technical default.
Because they would not be accepting losses on a voluntary basis it is quite possible that this will be judged a "credit event", which could count as a technical default.
Penney is already facing resistance from law firm Brown Rudnick, which is claiming on behalf of bondholders that the company is in technical default on its 7.4% Debentures due 2037.
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It is designed to get the thumbs up from ratings agencies - saving Greece from a "technical default" - while making it slightly easier for the government to service its debt.
Sources close to the matter also raised doubst that a judgment against Argentina, which could push the country into technical default, would render debt restructurings useless by incentivizing creditors to hold out.
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The loan market was resilient in the first quarter, buoyed by positive investor sentiment across the capital markets, curb-hugging default rates, strong technical conditions, and a notable absence of outside shocks.
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Quite apart from the huge technical problems of reintroducing a national currency, quitting the euro would surely entail default on euro-denominated debts, and could also put a country's membership of the European Union at risk.
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