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tolerant
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11 results for could
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German
Spanish
Auszug
aus
"Ratings
direct"
über
La
Poste
, S & P, 3.
April
2007:
"The
ratings
on
La
Poste
could
be
downgraded
,
however
,
if
state
backing
for
the
company
were
to
weaken"
(
Das
Rating
von
La
Poste
könnte
jedoch
herabgestuft
werden
,
wenn
die
Unterstützung
des
Staates
für
dieses
Unternehmen
nachlässt
). [EU]
Extracto
de
«Ratings
direct»
sobre
La
Poste
, S & P, 3
de
abril
de
2007:
«The
ratings
on
La
Poste
could
be
downgraded
,
however
,
if
state
backing
for
the
company
were
to
weaken»
(Las
calificaciones
de
La
Poste
podrían
no
obstante
reducirse
si
el
apoyo
del
Estado
a
esta
empresa
se
debilitase
).
Die
Hinweise
des
Staates
stützen
jedoch
die
Bewertung
der
Kreditqualität
von
FT
mit
'Investment
Grade'
." (
"FT
could
face
certain
difficulties
refinancing
its
debt
obligations
coming
due
in
2003
.
Nevertheless
,
the
State's
indication
underpins
France
Télécom's
investment-grade
credit
quality"
.) [EU]
Calificación
a
largo
plazo
de
France
Télécom
rebajada
a
BBB-»
. («the
French
State
–
;which
owns
55
%
of
France
Télécom
-
has
clearly
indicated
to
Standard
&
Poor's
that
it
twill
behave
as
an
aware
investor
and
would
take
appropriate
steps
if
France
Télécom
were
to
face
any
difficulties
.
In
diesem
Sinne
siehe
auch
die
bereits
zitierte
Studie
der
Deutschen
Bank
vom
22
.
Juli
2002:
"Wenn
wir
von
einem
Wechsel
an
der
Spitze
ausgehen
,
was
für
jede
Transaktion
erforderlich
wäre
(...)
Mit
einem
neuen
Management
ließe
sich
die
Kapitalerhöhung
vielleicht
am
Markt
verkaufen"
(
'If
we
assume
a
management
change
which
would
be
necessary
for
any
deal
()...
With
a
new
management
the
equity
story
could
then
perhaps
be
sold
to
the
markets'
S.
33
). [EU]
En
el
mismo
sentido
véase
el
Estudio
del
Deutsche
Bank
del
22
de
julio
de
2002
,
anteriormente
mencinado:
«suponiendo
un
cambio
de
dirección
,
lo
que
sería
necesario
para
cualquier
operación
(...)
Con
una
nueva
dirección
,
la
operación
de
ampliación
de
capital
podría
quizás
venderse
al
mercado»
(
'If
we
assume
a
management
change
which
would
be
necessary
for
any
deal
()...
With
a
new
management
the
equity
story
could
then
perhaps
be
sold
to
the
markets'
p.
33
).
In
ihrer
Pressemitteilung
vom
12
.
Juli
bekräftigte
S & P,
dass
FT
"gewisse
Schwierigkeiten
bei
der
Refinanzierung
seiner
2003
fälligen
Finanzschulden
haben
könnte"
. (
"FT
could
face
certain
difficulties
refinancing
its
debt
obligations
coming
due
in
2003"
.) [EU]
En
el
comunicado
de
prensa
del
12
de
julio
, S & P
afirma
que:
«FT
pudiera
tener
ciertas
dificultades
para
refinanciar
su
deuda
obligacionista
,
cuyo
plazo
expira
en
2003»
. (
«FT
could
face
certain
difficulties
refinancing
its
debt
obligations
coming
due
in
2003»
.)
It
would
be
very
costly
if
its
word
could
not
be
believed
in
these
matters"
.) [EU]
It
would
be
very
costly
if
its
word
could
not
be
believed
in
these
matters»
.)
Nach
Ansicht
von
S & P
könnte
FT
gewisse
Schwierigkeiten
bei
der
Refinanzierung
seiner
2003
fälligen
Finanzschulden
haben
.
Die
Hinweise
des
Staates
stützen
jedoch
die
Bewertung
der
Kreditqualität
von
FT
mit
'Investment
Grade'
." (
"The
French
state-which
owns
55
%
of
France
Télécom
has
clearly
indicated
to
Standard&Poor's
that
it
will
behave
as
an
aware
investor
and
would
take
appropriate
steps
if
France
Télécom
were
to
face
any
difficulties
...
Indeed
S & P
believes
that
the
company
could
face
certain
difficulties
refinancing
its
debt
obligations
coming
due
in
2003
.
Nevertheless
,
the
State's
indication
underpins
France
Télécom's
investment-grade
credit
quality"
. [EU]
Nevertheless
,
the
State's
indication
underpins
France
Télécom's
investment-grade
credit
quality'
.
S &
P's
'negative'
outlook
reflects
concerns
that
the
changes
in
the
company's
legal
status
and
ownership
,
likely
to
take
place
in
the
next
two
years
as
part
of
a
capital
hike
,
could
pressure
the
ratings
. [EU]
S &
P's
«negative»
outlook
reflects
concerns
that
the
changes
in
the
company's
legal
status
and
ownership
,
likely
to
take
place
in
the
next
two
years
as
part
of
a
capital
hike
,
could
pressure
the
ratings
.
"The
ratings
also
take
into
account
the
unchallenged
status
of
both
it
and
its
parent
,
Germany-based
Volkswagen
Financial
Services
AG
(
VWFS
),
as
core
and
captive
finance
entities
to
VW"
und
"the
ratings
on
VW
Bank
could
moderately
diverge
(
generally
not
more
than
one
notch
)
from
the
ratings
on
VW
or
VWFS
;
currently
only
its
outlook
differs
." [EU]
«The
ratings
also
take
into
account
the
unchallenged
status
of
both
it
and
its
parent
,
Germany-based
Volkswagen
Financial
Services
AG
(VWFS),
as
core
and
captive
finance
entities
to
VW»
y
«the
ratings
on
VW
Bank
could
moderately
diverge
(generally
not
more
than
one
notch
)
from
the
ratings
on
VW
or
VWFS
;
currently
only
its
outlook
differs»
.
"The
ratings
could
come
under
pressure
if
the
group
significantly
underperforms
its
operational
and
financial
trajectory
at
the
dawn
of
full
postal
deregulation
,
or
if
an
ownership
changes
occur
sooner
than
we
expect
." [EU]
«The
ratings
could
come
under
pressure
if
the
group
significantly
underperforms
its
operational
and
financial
trajectory
at
the
dawn
of
full
postal
deregulation
,
or
if
an
ownership
changes
occur
sooner
than
we
expect»
.
These
initiatives
could
limit
the
government's
ability
to
provide
the
postal
operator
with
exceptional
support
without
improving
its
standalone
profile
in
the
short
term
,
as
the
capital
hike
should
not
decrease
La
Poste's
debt
relative
to
its
cash
generation
". [EU]
These
initiatives
could
limit
the
government's
ability
to
provide
the
postal
operator
with
exceptional
support
without
improving
its
standalone
profile
in
the
short
term
,
as
the
capital
hike
should
not
decrease
La
Poste's
debt
relative
to
its
cash
generation
».
Zum
zweiten
ist
die
Kommission
in
Bezug
auf
die
Kriterien
"Verfügbarkeit
von
als
Sicherheiten
hinterlegbaren
Vermögenswerten"
(
"Availability
of
property
that
could
be
encumbered"
) (S.
5-5
und
5-6
)
der
Ansicht
,
dass
in
diesem
Punkt
nicht
in
die
Würdigung
eingeht
,
ob
eine
Privatbank
die
von
ETVA
und
der
öffentlichen
Hand
gestellten
Darlehen
und
Bürgschaften
gewährt
haben
könnte
. [EU]
En
segundo
lugar
,
por
lo
que
se
refiere
a
los
criterios
«Disponibilidad
de
propiedad
susceptible
de
ser
gravada»
(página
5-5
y
5-6
),
la
Comisión
considera
que
este
elemento
es
irrelevante
para
evaluar
si
un
banco
privado
habría
concedido
los
préstamos
y
garantías
que
concedieron
el
Ε
;ΤVΑ y
el
Estado
.
The example sentences were kindly provided by:
[I]
IndustryStock.com
, [L]
spanisch-lehrbuch.de
.
Sentences marked by [EU] derived from
DGT Multilingual Translation Memory
. The European Commission retains ownership of the copyright in the original data.
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