The future of a 4.5 mile rail tunnel under London is hanging in the balance, with High Speed 2 bosses who will oversee its construction set to take delivery of two giant drills before the necessary £1bn of funding has been secured.
Middle market collateralized loan obligations (CLOs) have declined in credit quality as smaller corporate borrowers suffer from high inflation and interest rates, Moody's said in a new report. The measures of liquidity and interest coverage for middle-market borrowers rated by Moody's have deteriorated, reflecting high debt servicing costs from elevated interest rates, the Moody's analysis of 172 borrowers showed.
A Marlborough-based developer looking to build a 152-unit affordable housing project in a wooded area met opposition from neighbors.