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interest coverage |
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| Our ordered probit model indicates that interest coverage and leverage ratios have the most pronounced effect on credit ratings. housing environment, negative trends in HOV's operating margins, and meaningful deterioration in credit metrics, especially interest coverage and debt/EBITDA ratios. A debt limitation that prohibits the issuance of additional long-term debt if the issuer's interest coverage would, as a result of the issue, fall below some specified minimum. |
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