...Fixed-charge coverage (FCC) in excess of 10x, as well as, a total financing and commitments (TFC) ratio below 0.4x, can result in an upgrade. Alternatively a downgrade can occur with FCC below 6x and a TFC ratio above 0.5x....
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Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.
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