The debt ratios
of Burkina Faso, Ethiopia, Ghana, Mali, Mauritania, Rwanda, Tanzania and Uganda "have again surpassed the Bank's sustainability level of 150% debt-to-export ratio in the eight countries completing the programme".
But if the market continues to behave as if Italy will be bailed out, then a paradox arises: the higher Italy's debt ratio
gets and the nearer Italy's situation comes to despair without a bailout, then the greater becomes the incentive for other countries to increase their debt ratios
, since if there is an EU takeover of national debts (and that, to repeat, has always been an objective monetary union, so clearly stated by Delors), then countries with below-average debt ratios
will lose out to those with above-average debt ratios
Moody's analysts also wrote: ``Los Angeles' debt profile would be weakened after secession, but even assuming the worst case - that the new, smaller Los Angeles would retain responsibility for all outstanding debt - most of its key debt ratios
would still compare favorably to those of other major cities in the country.
Joines (1991) selects three public debt ratios
for comparison and regards the 40 percent debt ratio
as the long-run historical average.
The total debt ratio
(5) is the sum of domestic and foreign debt ratios
The district is consistently the fastest growing in the state, and operating and capital needs continue to pressure finances and keep debt ratios
We find that firms substantially reduce their debt burden in "fresh-start" Chapter 11 reorganizations, yet they emerge with higher debt ratios
than what is typical in their respective industries.
The rating also takes into consideration moderately high debt ratios
, a slowing amortization rate, and operating/capital pressures associated with more rapid enrollment growth expected over the near term.
Based on increased revenues and EBITDA, debt ratios
are expected to improve in fiscal 2006.
Moreover, capital needs are being financed with additional debt, thereby increasing the already high direct debt ratios
are low and should remain so given the county's growing tax base, manageable capital needs, and rapid principal amortization.
Also incorporated into the rating are the district's proactive management practices, prospective growth in the North Lake area, and average debt ratios