Tag: debt

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  November 12, 2020

  Naviera Armas goes bankrupt: bad news for travellers and locals

  This is an article about the crisis of the passenger transport companies using the example of Naviera Armas, a famous Spanish ferry company. We have read on the journals this week that Naviera Armas, one of the giants of maritime transport, is going bankrupt. The rating agency Moody’s has lowered its rating from Caa2 to…