| Title: | Speculative Grade Liquidity Monthly Monitor - July 2008 |
| Price: | $550.00 |
| Publication Date: | Jul 17, 2008 |
| Report Type: | SGL Monitor |
| Brief Excerpt: | ...The four components that go into a composite SGL score cash flow and internal sources of cash; liquidity availability and external sources of cash; covenants; and alternative sources of liquidity (so-called back-door financing) all came into play in June. For example, we downgraded Cablevision Systems Corp. to SGL-# from SGL-#, reflecting a projected shortfall of internal and currently committed external sources of liquidity relative to expected cash-funding needs over the next ## to ## months. Positive cash flow and a $# billion undrawn revolver will likely be sufficient to satisfy scheduled maturities through the first half of ####; however, a potential material liquidity shortfall is projected to exist in the third quarter of ####, when another $### million of maturing obligations will need to be refinanced. We downgraded Activant Solutions Inc. to SGL-# from SGL-#, noting that the provider of business- management services has relatively strong liquidity today but that... |
| Word Count: | 14216 |
| Length: | 22 Pages |
| Format: | 
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