A Highway to Debt


12 thoughts on “A Highway to Debt”

  1. Wow.. such an enlightening piece Thanks for the detailed analysis. It looks like to faulty business model to begin with, where you need to borrow more with limited revenue streams. It is like ‘riding a tiger’ if I quote Satyam fame Raju’s words 😉

  2. Insightful article. This case study re-confirms that Independent thinking is important when evaluating Investment opportunities , outsourcing investing process to credit rating firms is a recipe for disaster.

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