Jul 11, 11:38 AM

Petrofac Nears Debt Deal Deadline, UK Banks Brace for Mortgage Defaults Surge

UK energy services company Petrofac is under pressure to reach a debt deal with creditors as time runs out. UK banks are preparing for a surge in mortgage default rates due to high borrowing costs, forcing homeowners to refinance.

#Petrofac #UK

Written with ChatGPT (GPT-3).

Sources

Bloomberg@business
1 year ago
UK energy services company Petrofac is running out of time to agree a debt deal with creditors https://t.co/hU76pw7GaF
Bloomberg Markets@markets
1 year ago
UK energy services company Petrofac is running out of time to agree a debt deal with creditors https://t.co/o6bCRsf28j
Bloomberg UK@BloombergUK
1 year ago
UK energy services company Petrofac is running out of time to agree a debt deal with creditors https://t.co/UB7QByl6kg

Additional media

Image #1 for story petrofac-nears-debt-deal-deadline-uk-banks-brace-mortgage-defaults-surge

Petrofac Nears Debt Deal Deadline, UK Banks Brace for Mortgage Defaults Surge

Sources

Additional media

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