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Westfield seeks $2.9bn to lower debt
WESTFIELD Group said today it planned to sell $2.9 billion in new securities to institutional investors to repay debt.
The Australian

Moody`s reviews Legg Mason debt for possible downgrade
Rating agency Moody's Investors Service has put Legg Mason Inc.'s debt on review for a possible downgrade following a brutal quarter in which investors pulled money out of many of the firm's funds. (LM)
Bizjournals.com

Watercooler » Six tips for dealing with debt collectors
If you are contacted by a debt collector, there are several steps you can take to make the process easier.1. Ask the collector to 'verify' the debt, meaning it has 30 days to provide written proof of what you owe.
The Salt Lake Tribune

Rio Tinto in asset sale talks with Chinalco - China Economic Net
Rio Tinto Group, the world&os;s third-largest mining company, is in talks to raise cash from Aluminum Corp of China, tapping its largest shareholder to reduce 38.9 billion U.S. dollars of debt. Aluminum Corp, known as Chinalco, may buy convertible debt ...
Feed Digest

China Eyes Rio Tinto Mine Assets
By CHUIN-WEI YAP BEIJING -- Chinalco confirmed it is discussing cooperation with debt-laden Rio Tinto, but some analysts said the Chinese aluminum giant is likely more interested in picking over the Anglo-Australian miner's assets than pouring billions
Mining.com

Teck could follow Rio Tinto`s lead
Debt-laden miner might sell assets to help pay for ill-times Fording deal
The Globe and Mail

S&P forecasts 200 defaults
Around 200 US junk-rated companies are likely to default this year, according to Standard & Poor's, affecting almost $350bn worth of debt and adding impetus to alternatives to bankruptcy
Financial Times

Chinalco Confirms Talks With Rio Tinto
By CHUIN-WEI YAP BEIJING -- Chinalco on Monday confirmed it is discussing 'cooperation' with debt-laden Rio Tinto Ltd., but some analysts said the Chinese aluminum giant is likely more interested in picking over the Anglo-Australian miner's assets than
Mining.com

Moody`s places Dubai Inc corporate ratings on review for downgrade
Moody's Investors Service has today placed its issuer and debt/Sukuk ratings of six government-owned companies in Dubai on review for possible downgrade.
AME Info

Moscow Considers Buying Stake in Aluminum Giant - Wall Street Journal
DAVOS, Switzerland -- Russian mining billionaire Oleg Deripaska said the Russian government is considering taking some kind of minority stake in UC Rusal, the world&os;s biggest aluminum company, as the firm tries to pare down its bloated debt. 'It will ...
Feed Digest

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