> It's amusing that you think an entity that needs to borrow more in order to service its existing debt is somehow not insolvent
You've just confused liquidity with solvency. An entity which is able to borrow money to service its existing debt (and, which therefore has assets providing a basis for access to credit sufficient to meet its obligations) is not insolvent, even if it needs to borrow money because it does not have sufficient liquid assets to meet those required payments without borrowing.
You've just confused liquidity with solvency. An entity which is able to borrow money to service its existing debt (and, which therefore has assets providing a basis for access to credit sufficient to meet its obligations) is not insolvent, even if it needs to borrow money because it does not have sufficient liquid assets to meet those required payments without borrowing.