default on obligations

The improvement comes from diversification of the bank's assets and capital which provides a buffer to absorb losses without defaulting on its obligations.

The downgrading does not imply that New York State is likely to default on its most secure obligations.

"Brazil's government will not default on its external obligations to save $5 billion per year," he said.

In sum, the situation and even who will resolve the situation remains uncertain, while Harrisburg continues defaulting on its obligations.

Macy does have alternatives to defaulting on its obligations, though not all of them offer a long-term solution.

It would cause the government to default on its legal obligations - an unprecedented event in American history.

The stock market remains volatile despite its recent gains, they reason, but no one thinks the government is likely to default on its obligations.

The United States has never defaulted on its obligations.

Few of the ventures are turning a profit, and some, like the international arm of Nextel, have begun to default on their obligations.

If the debt ceiling impasse is not settled by then, the United States could default on its obligations for the first time in history.