190 Firms Need Restructuring This Year: Regulator
Faizan Hashmi Published December 11, 2018 | 03:35 PM
The financial watchdog said Tuesday that 190 companies need to implement restructuring measures this year, but the number of firms on the annual list declined from 2017
SEOUL, (APP - UrduPoint / Pakistan Point News - 11th Dec, 2018 ) :The financial watchdog said Tuesday that 190 companies need to implement restructuring measures this year, but the number of firms on the annual list declined from 2017.
The number of big companies placed on the list fell to 10 from 25 last year, the Financial Supervisory Service (FSS) said in a statement.
However, the number of small- and medium-sized firms placed on the list rose to 180 in 2018, compared with 174 last year, the FSS said.
The combined borrowings of the 190 firms stood at 2.3 trillion won (US$2.04 billion), according to the statement.
The FSS unveiled the list, without identifying the 190 firms by name, after conducting a credit risk analysis on companies that showed signs of financial health problems.
The FSS rated all firms in a category ranging from A to D, with A and B being considered financially healthy. Companies that are rated C and D should be placed on debt workout program or court receivership.
Recent Stories
Infinix Unveils a Vibrant New Chapter with Wahaj Ali: The face of Infinix NOTE 4 ..
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
More Stories From World
-
Israeli strikes kill 42 in Syria's Aleppo province
14 minutes ago -
Calls for 'smartphone free' childhood grow in UK
34 minutes ago -
Russia hits Ukraine energy sector in overnight attack
34 minutes ago -
A-bomb saga 'Oppenheimer' finally opens in Japan
44 minutes ago -
Titian's masterpiece "Flora" breathes vibrancy into Sino-Italian art exchange
54 minutes ago -
Beijing International Film Festival to open mid-April
54 minutes ago
-
China's overnight Shibor interbank rate decreases Friday
1 hour ago -
Tokyo stocks end higher tracking Wall Street gains
1 hour ago -
Boao forum urges global cooperation in energy transition
1 hour ago -
China to export homegrown tunnel-boring machine to Italy
1 hour ago -
Over 9 pct of Mongolia's livestock die in cold winter
1 hour ago -
ChiNext Index closes higher Friday
1 hour ago