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Stock impact report

Pimco Among Firms Set to Start Debt Talks With Sri Lanka [Business News Network (BNN) (Canada)]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Pacific Investment Management Co., T. Rowe Price Group Inc. and BlackRock Inc. belong to the group representing some of its largest creditors and restructuring talks are expected to start soon, the people said, requesting anonymity ahead of a formal announcement. AllianceBernstein LP and Wellington Management Group are also members. The creditor group represents significant holdings. BlackRock and Pimco are the two largest reported holders of Sri Lankan sovereign debt, data compiled by Bloomberg show. Rothschild & Co. is acting as the group's financial adviser, the people said, while White & Case LLP is its legal adviser, a spokesperson for White & Case said, declining to provide details. Spokespeople at Rothschild and Pimco declined to comment. Representatives for the other firms didn't immediately respond to requests for comment. Sri Lanka fell into default this week for the first time in its history as the government struggles to halt an economic meltdown that prompted mas Show less Read more
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