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GRESGraceful Routing Engine Switchover
GRESGlenwood Ridge Elementary School (Bonner Springs, KS)
GRESGrupo Recreativo d Escola de Samba (Brazil)
References in periodicals archive ?
Today we celebrate Chelyabinsk GRES, which caters the Chelyabinsk region and the Urals with energy produced by highly modem and energy-efficient technology.
In response to IMF concerns, the UAE authorities have said that the GREs have been proactive in managing debt repayments.
Given the tightened caps, bank appetite for new loan exposures to governments and GREs is likely to drop.
The GRE status is given to companies which are considered core components of the economy and which, if they ever got into financial difficulty, would be afforded all the resources needed to support them by the Abu Dhabi government.
The total debt of the Dubai government and GREs continues to be large, and GREs are likely to continue facing financial challenges in light of large outstanding debt and significant maturities, including on restructured debt, falling due between 2014 and 2018.
Exceptional support to Dubai, banks and GREs in 2009 had led to a near quadrupling of the Abu Dhabi government fiscal oil breakeven price from $33 a barrel at the eve of the global financial crisis in 2007 to a peak of $121 per barrel in 2009.
There is one more negative factor here: given GRES is linked to the price and type of coal it uses, meaning Ekibaztuzskiy coal.
We have received several questions from investors and market participants about the likelihood of government support and how we factor it into our ratings on these GREs.
In addition, as the only consumer of local power plant coal at Sakhalin, Sakhalin GRES 2 will help to create approximately 4,000 jobs in the region's coal mining sector.
We expect stronger GREs to lead the debt issuance," Malik said.
There has been progress in restructuring and managing the debt of GREs, but the IMF stressed the need for further efforts to mitigate the fiscal risks posed by these entities, cautioning that GREs are still faced with high refinancing needs and are reliant on foreign funding.
Standard & Poor's estimate of the current total amount of debt owed by the Dubai government and its various GREs is $80-$90 billion, although the margin of error is significant given the lack of official statistics.