News

SCF news bad, but rates good

Thursday 24th of June 2010

The finance company, facing a $500 million "wall of maturities" of debentures coming due by October, needs investors to roll over their money. Some may be thinking twice after Standard & Poor's cut SCF's credit rating two notches deeper into junk at B- as statutory managers took over elements of Hubbard's empire. 

On offer are debentures that mature within the extended guarantee...

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