If the households' propensity to deleverage
is 100 (every dollar used to deleverage
--no demand pull), all of this will be channelled into reduced debt exposure, possibly in the form of lower mortgages.
He added: "We continue to believe that Smithfield Foods' efforts to improve its pork operations, restructure its hog business, and deleverage
its balance sheet are the right courses of action.
However, the group's inability to execute its asset/divestment plan to further deleverage
would have a negative impact on the rating.
But, in the second half of 2011, the eurozone-based parent banks that dominate emerging Europe's banking sector came under renewed pressure to deleverage
While the financial burden associated with re-regulation and capital investment will make it more difficult for Jones to deleverage
over the near term, it will not entirely eliminate cash flow growth, nor will it severely limit the company's access to external funds.
The landmark agreement would aid Airtel deleverage
via debt reduction and reduced ongoing capital expenditure.
Ajay") (NASDAQ: AJAY) announced today that it had completed a significant phase in its plan to deleverage
This transaction is the beginning of an aggressive strategy to deleverage
the company," said Henry Fong, RMI chairman and president.
This equity investment is necessary in order to properly deleverage
the company following its reorganization.
The transaction continues to deleverage
, with approximately 60% of the original class A-2 balance outstanding.
The class also benefits from certain deal performance triggers that deleverage
the certificate through the application of all monthly principal pass-throughs.
Based on these assumptions, Fitch now estimates that MGG could deleverage