Moody’s labels Viver negotiation “distressed exchange”

Moody’s labels Viver negotiation “distressed exchange”

Bonds

Viver’s renegotiation of the terms of a debenture held by a Brazilian investment fund constituted a distressed exchange, Moody’s said on Friday. The Brazilian homebuilder had altered terms on its BRL300m ($128m) senior secured debenture, which was so

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