Specifically, we may now pay a dividend on our common stock and increase stock repurchases, provided the Company maintains minimum equity of $105 million and meets certain debt and interest coverage ratios
," Oviatt said.
The class A/B, class C, class D interest coverage ratios
have declined since last review from 140.
Best notes that the group's financial leverage and interest coverage ratios
remain within expectations for the current rating category.
30, 2006, EDS had significant financial covenant flexibility based on actual leverage and interest coverage ratios
Best will consider the impact of this exercise on the organization's interest coverage ratios
The FFO interest coverage ratios
of PEC and PEF were 6 times (x) and 4.
The credit facility contains customary financial covenants and default provisions including that National Coal maintain minimum levels of EBITDA and liquidity and that it not exceed maximum leverage and interest coverage ratios
, and limitations on additional indebtedness.
The company's low debt levels and strong cash flow generating ability have resulted in interest coverage ratios
in the range of 12 times (x)-13x in recent years.
All overcollateralization (OC) and interest coverage ratios
have remained stable since inception.
In addition, the class B and class C interest coverage ratios
have fallen below their minimum threshold levels of 112% and 110%, respectively, to 108.
Best believes the group's leverage and interest coverage ratios
remain within expectations for the current ratings.
Archstone's solid property level metrics have translated into strong consolidated fixed charge and interest coverage ratios
, even when excluding the impact of transactional income from the company's taxable real estate investment trust (REIT) subsidiary.