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Grupo Kaltex Downgraded to D after Default on Principal

by Amruth Sundarkumar | Apr 13, 2022 | Distressed / Defaulted Bonds

The Mexican textile and apparel company Grupo Kaltex was downgraded to D from CCC- by S&P after the company failed to make a principal payment on its $218mn dollar bonds due April 11. Grupo Kaltex however fully paid the interest on this bond on the same date. The...

Grupo Kaltex Downgraded to D after Default on Principal

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