Title:

El Paso 1Q: Leverage down to 3.4x. FFO Coverage up to 3.4x

Price:$150.00
Publication Date:May 09, 2008
Source:CreditSights Inc
Report Type:Article
Abstract:El Paso posted a very impressive increase in credit metrics even if the boost was mostly expected. We review our outlook for spread improvement versus yield pickup.
Brief Excerpt: El Paso #Q: Leverage down to #.#x. FFO Coverage up to #.#x El Paso posted a very impressive increase in credit metrics even if the boost was mostly expected Debt/EBITDA fell from #.#x at year-end to #.#x while FFO coverage increased...
Word Count:1171
Report Type:Article
Topic:High Yield
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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