Sunday, January 1, 2012

Zim still has no debt deal with the banks

Zim was supposed to reach a deal on financial covenants for 12 months through September 2012, by December 31, 2011...The failure to reach an agreement means that Israel Corp. will have to record Zim's debt in the balance sheet of its financial report for the fourth quarter of 2011 as short-term debt,...
FULL ARTICLE AT Globes Online

Source: http://www.allvoices.com/news/11205833-zim-still-has-no-debt-deal-with-the-banks

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