In addition, with weighted average maturity
of the investment portfolio capped at 90 days and allocation to marketable instruments, there is limited interest rate and liquidity risk, the agency noted.
28, 2018, the weighted average maturity
of the fund was 37 days.
While 60% of companies fall into average maturity
at stage three, only 14% of companies are above average at stage four and 2% at the highest maturity level of five stage 5, leaving significant room for advancement.
The existing bank loans have a weighted average maturity
of 5.7 years and a weighted average interest cost of 4.44% per annum.
The sound credit and liquidity profile of the fund emanates largely from fund"s investment of more than 70% in short term government securities with average maturity
of less than 60 days at end-Jan11.
We also view positively the possible extension of the A4 Turin-Milan concession - 30% of consolidated EBITDA - as it slightly increases the average maturity
of group concessions.
In addition, part of the proceeds is planned for balance sheet optimization to lengthen the average maturity
of its debt whilst reducing its average cost of capital.
Weighted average maturity
of the fund was low at 18 days at year-end 2010.
As of March 31, 2018, the Company had $3,525 million in notional amount of interest rate swap agreements with a weighted average pay fixed rate of 1.75% and a remaining weighted average maturity
of 5.5 years.
Provide monthly investment reports for the City s entire portfolio detailing holdings, composition and sector analysis, return, weighted average maturity
and daily transaction activity.6 9.
The operation resulted in extension of the average maturity
of unused back-up credit lines to four from two and a half years.
Interest rate risk is contained with the portfolio's weighted average maturity
(WAM) kept below 90 days, in line with Fitch criteria for 'AAAmmf(mar)' rated funds.