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Lincoln Faces Rising Stress As Its Debt Comes Due.

Authors :
PATTERSON, SCOTT
Source :
Wall Street Journal - Eastern Edition. 4/6/2009, Vol. 253 Issue 79, pC1-C3. 2p.
Publication Year :
2009

Abstract

The article focuses on the finance of the insurance company Lincoln National Corp. Lincoln has a $500 million debt payment due on April 6, 2009, which it states it will pay in full from cash on hand. The company also has $375 million in commercial paper debt due in May, 2009, and rating downgrades from rating agencies leave Lincoln ineligible for the U.S. Treasure Department's commercial paper funding program. The company is expected to announce a huge loss for the first quarter of 2009.

Details

Language :
English
ISSN :
00999660
Volume :
253
Issue :
79
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
37293689