GEO Group Inc (GEO.N)
|Market Cap (Mil.):||$2,392.26|
|Shares Outstanding (Mil.):||72.30|
MEXICO CITY - Troubled Mexican homebuilder Geo said on Thursday it has filed for bankruptcy after gaining the support of the majority of its creditors in a deal that will replace most of its debt with stock.
MEXICO CITY - Mexican homebuilder Geo , which has struggled under a heavy debt load and slumping home sales, on Thursday said it had filed for a pre-agreed bankruptcy with the support of the majority of its creditors.
Link to Fitch Ratings' Report: Global Economic Outlook - Recovery Strengthening Amid Emerging RisksLONDON, March 13 (Fitch) Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will accelerate in 2014 and 2015, driven by a strengthening recovery in major advanced economies (MAE), while growth rates will remain broadly flat in Emerging Markets (EMs). Its latest forecasts for world GDP growth (weighted at market exchange rates) are 2.9% in 2014 and 3.2% in 2015,
Dec 6 - (The following statement was released by the rating agency)