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så är särskilt fallet när de yttersta underliggande exponeringarna är till exempel skulder i samband med ”leveraged buy-outs” eller projektfinansiering.
this is in particular the case where the ultimate underlying exposures are, for example, leveraged buy-out or project finance debt.
”the financial risk of the highly leveraged ft is not commensurate with investment grade (compensated by strong operational performance/implicit support of french government)”.) (vår understrykning) sedan kapitalet förstärktes beaktas inte längre denna faktor utan kreditvärderingen bygger helt klart på ft:s ekonomi.
(emphasis added) however, after the capital increase, the factor was no longer taken into consideration and the credit rating was based clearly on france télécom's financial data.