S&P: Dividend recaps on the rise
As the €2.3bn of dividends paid in the first quarter of 2013 is already higher than last year’s total of €1.87bn, S&P warned that debt funded recaps can ‘potentially impair post-default recovery prospects’.
As the €2.3bn of dividends paid in the first quarter of 2013 is already higher than last year’s total of €1.87bn, S&P warned that debt funded recaps can ‘potentially impair post-default recovery prospects’.
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