Get Rational about Financial Ratios
By Richard J. Paine, Sr. Of the traditional five “C”s of credit: Capacity, Capital, Collateral, Conditions and Character, the first is foremost. It is the ability to repay debt. Financial ratios are the measure of that capacity. Derived from your company’s financial statements, ratios are key to determining your company’s credit rating. Your company’s credit rating will determine your success in securing financing or leasing for the projects needed to grow your business. It further determines a lender’s appetite for your debt and at what cost to you.
S&P: More Shipping Companies Likely To Default
Depressed shipping market conditions are likely to cause more shipping companies to default on junk bond issues, according to Standard & Poors (S&P).
LNG to be Focus of Houston Conference
With the future of the natural gas domestic supply in the North America at stake, a vital part of the solution revolves around the continued growth, production, and shipping of LNG-liquified natural gas. But as LNG evolves into a global commodity, what will it take for the U.S. to get its fair share of LNG while competing with developing nations in an international market demand for natural gas? These questions and more will be answered at the leading LNG forum in the U.S., the 4th Annual LNG: Economics & Technology, to be held in Houston, TX on January 26-27, 2004 (www.srinstitute.com/LNG). The event will be chaired by Sara Banaskak…
DP World Objects to S&P Rating
Rating agency Standard & Poors withdraws credit rating at DP World's request Standard & Poor's has withdrawn its credit rating on DP World following objections by the ports operator to the way the agency assessed its financial health, Reuters has reported. S&P said it pulled the ratings at DP World's request. The world's third biggest ports operator was rated 'BB/B' with a stable outlook by S&P, revised down in February from positive. The agency said DP World's financial risk profile was "aggressive" and the company would generate negative free operating cash flow in 2012 and 2013.