1.   Victorias needs debt relief after falling sugar prices left it unable to service its payments.

2.   However, the company has said that it had obtained an extensionfrom bond holders to service the payment.

3.   Local airlines are facing financial difficulties with rising costs and an inability to service payments on their aircraft, both of which are denominated in dollars.

4.   So far, one company has delayed servicing coupon payment for unsecuredbonds.

5.   The Minister said the rescheduling applies only to the repayment of principal and the government will continue to service interest payments.

6.   However, Robert Rubin, Secretary of the Treasury, has so far defied them by juggling funds around in order to service debt payments.