Italian dairy group Parmalat Finanziaria SpA escaped a financial disaster last month when it narrowly cleared a deadline to repay a $183 million bond.
Italian dairy group Parmalat Finanziaria SpA escaped a financial disaster last month when it narrowly cleared a deadline to repay a $183 million bond. The bond was paid Dec. 12, the last day of a grace period. Nonetheless, analysts said Parmalat's difficulties raise concerns about the group's liquidity.
Parmalat claimed in September that it had liquidity of $4.2 billion, so it should have easily met its obligations.