The rating action for Mitsubishi reflects Moody's view that the firm's cash flow-generating ability and its stability may continue to improve over the medium term, while Mitsui Fudosan's cash flow-generating ability and financial flexibility are likely to improve over the intermediate term
, it said.
The program is designed to focus the Company's resources on programs with the greatest near to intermediate term
market potential, and to significantly reduce expense levels.
Spanish-language television, favorable demographic trends of target Spanish-language audience, and Fitch's expectations for continued strong operating performance over the intermediate term
17 /PRNewswire/ -- Van Kampen Merritt Intermediate Term
High Income Trust (NYSE: VIT) and Van Kampen Merritt Limited Term High Income Trust (NYSE: VLT), each of which is a closed-end fund listed on the New York and Chicago Stock Exchanges, announced today that the trustees of the funds have approved amendments of two operational policies of the funds.
As of 12/31/06, the TCW Core Fixed Income Fund (N share) was rated against the following numbers of US-domiciled Intermediate Term
Bond funds over the following time periods: 951 funds in the last three years, 759 funds in the last five years and 364 funds in the last ten years.
VANGUARD MUNICIPAL BOND FUND - INTERMEDIATE TERM
PORTFOLIO -- a capital gains distribution in the amount of $0.
As of 11/30/06, the TCW Total Return Bond Fund (I share) was rated against the following numbers of US-domiciled Intermediate Term
Bond funds over the following time periods: 949 funds in the last three years, 749 funds in the last five years and 363 funds in the last ten years.
Fitch expects fiscal year-end credit metrics to remain fairly stable over the intermediate term
with total debt/operating EBITDA in the mid 2x range.
The failure of the torcetrapib project heightens the risk of a large corporate acquisition in the intermediate term
In the intermediate term
, further reduction of leverage is expected given solid free cash flow generation and significant amortization of the term loan.
Imminent acquisition of ATI Technologies (ATYT), which will provide AMD with the capabilities necessary to offer platform products in the intermediate term
, as well as additional revenue growth opportunities resulting from ATYT's relatively small but rapidly growing exposure to consumer markets (gaming, digital televisions, and cell phones);
Concerns include challenges in the near to intermediate term
from exposure to price ceilings on contracts with certain customers which limit the pass-through of increased aluminum costs on 20% of sales in 2006 (moving to 10% in 2007).