After successfully completing a written examination, Graham attended a peer interview, comprising a panel of three registered property receivers, and was awarded the qualification under the
Fixed Charge Receivership Scheme (FCRS).
Fitch believes that a return of capital to shareholders would likely reduce interest and
fixed charge coverage and increase leverage.
Assuming no increase in capitalization and a return to more normalized levels of catastrophes, it is anticipated
fixed charge coverage ratios will improve in the near term.
Fitch believes that the company's interest and
fixed charge coverage ratios are appropriate for the current rating category.
The refund reduced interest coverage by about 30 basis points resulting in 1992 SEC
fixed charge coverage of 3.
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.
Fitch considers Mack-Cali's interest and
fixed charge coverage ratios to be strong for the current rating category and any potential deterioration in coverage ratios as a result of the acquisition is expected to be modest.
On a risk-adjusted basis, Fitch believes FR's
fixed charge coverage ratios during the 12 months ending March 31, 2007, are low for the rating category.
NTT East and NTT West have already revealed they plan to offer a time limit-free
fixed charge of some 10,000 yen for heavy Internet users via ISDN in metropolitan areas starting in November.
In the first six months of this year, some 88,000 summonses for
fixed charge offences were listed in courts across the country, with a further 31,000 due to be sent to the courts by gardai.
Prior to receipt of the amendment, as discussed in the company's 2007 Form 10-K ("2007 10-K"), Perma-Fix was unable to demonstrate that it could comply with the
fixed charge coverage ratio in its loan agreement as of the end of the first and second quarters of 2008.
For the next 12 to 24 months, Fitch projects that
fixed charge coverage will approach the mid to high 2.
