On top of that they are choosing to default on loans to force negotiations on better terms for them. After they agreed to these loans with floating-rate with co

On top of that they are choosing to default on loans to force negotiations on better terms for them. After they agreed to these loans with floating-rate with complete knowledge of the risks it entails. It's just vulturing and rent-seeking to the extreme, if markets are efficient then they should just go under, they've bet on their risks vs rewards and lost.