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>Gangwon government is not going to honor outstanding debts, here, is because the value of the collateral[1] has fallen below the outstanding cost of the debt.
by fbdab103 4y ago
>Gangwon government is not going to honor outstanding debts, here, is because the value of the collateral[1] has fallen below the outstanding cost of the debt.
Just because a deal goes badly for you, rarely do you get to kick over the table and walk away.
- vkou 4y agoBut sometimes you do, which is why lenders get to charge a premium, to deal with that kind of risk.