adjusted by data available (with correlative effect on debt coverage ratios
Maalot further believes that management will ensure debt coverage ratios
commensurate with the current rating, by implementing its investment plan.
It identified properties as "underperforming" when they had occupancy levels below 90 percent and/or debt coverage ratios
below 1 percent.
Going forward, the Group is expected to increase its debt load to facilitate investment in working capital and business acquisitions; its gearing and FFO debt coverage ratios
are projected to average a respective 0.
The closest company in terms of business scale and debt coverage ratios
is TNK-BP, yet its credit quality looks even slightly worse due to occasional conflicts between key shareholders.
Thirdly, a company must pay holders of debt an interest rate, even if the company is loss-making--and failure to pay interest or to achieve debt coverage ratios
may put the company into default and force a liquidation.
In addition, lender debt coverage ratios
have readjusted to a minimum of 1.
The loan-to-value ratio and mortgage constant are used in both the band of investment and the Ellwood formula for developing overall rates, and debt coverage ratios
are easily surveyed or acquired from mortgage research sources such as the American Council of Life Insurance Companies' Investment Bulletin.
Fitch expects Telecel to remain with strong short-term debt coverage ratios
The Company uses the term EBITDA because it is a widely accepted financial indicator utilized to analyze and compare companies on the basis of operating performance and is used to calculate certain debt coverage ratios
included in several of the Company's debt agreements.
Underwriting criteria include loan-to-value ratios up to 85 percent and minimum debt coverage ratios
as low as 1.
The survey found debt coverage ratios
averaged between 1.