Consolidating your 12016 debt Free trial houston adult phone chat

London, 16 September 2016 -- Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) of Ziggo Group Holding BV, the largest cable operator in the Netherlands, and its rated subsidiaries.

At the same time, the agency has affirmed the ratings of the existing debt issued by Ziggo Bond Finance BV, Ziggo Secured Finance Partnership, Ziggo Secured Finance BV, the SPV borrowing vehicles indirectly owned by a Dutch Foundation that on-lend funds to the ring-fenced group below Ziggo Group Holding BV.

This leverage maps to a Moody's adjusted gross leverage ratio of close to 5.5x, which is at the high end of the Ba3 rating category.

consolidating your 12016 debt-3

Debt consolidation is nothing more than a con because you think you're starting with a clean slate.

But the truth is the debt is still there, as are the habits that caused it—you just moved it!

One in four of these are cross-border insolvencies, i.e.

they involve creditors and preventive restructuring procedures would ensure that action is taken before companies default on their loans.

This is why the issue has long attracted considerable interest at EU level.

Increased convergence of insolvency and restructuring procedures would facilitate greater legal certainty for cross-border investors and encourage the timely restructuring of viable companies in financial distress.

Myth: Debt consolidation saves interest, and there’s one smaller payment.

Truth: Debt consolidation is dangerous because it only treats the symptom.

You can’t borrow your way out of debt in the same way you can’t get out of a hole by digging out the bottom.

Getting out of debt isn’t quick or easy, but it’s the first step to achieving lasting financial health. It simply means you’re taking out one loan to pay off a bunch of loans—or consolidating the debt to one payment.

Many investors mention uncertainty over insolvency rules or the risk of lengthy or complex insolvency procedures in another country as a main reason for not investing or not entering into a business relationship outside their own country.