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

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'. Print Edition | Subscribe