Debt restructuring at Hyflux may be bad for creditors

Moody's notes 68% of water treatment firm's debt is unsecured, with most of it bank loans

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Debt restructuring at water treatment firm Hyflux could result in financial losses for creditors, Moody's Investors Service said yesterday.

It noted that the restructuring could involve a range of factors, including debt maturity extensions and interest rate adjustments.

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A version of this article appeared in the print edition of The Straits Times on May 26, 2018, with the headline Debt restructuring at Hyflux may be bad for creditors. Subscribe