seems : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

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	German	Spanish
	Nach den Berechnungen der Deutschen Bank hätte das Verhältnis Schulden/EBITDA im zweiten Halbjahr 2002 bei 4,9 und am 31. Dezember 2002 bei 5,20 gelegen. ('... on July 12, 2002, S & P ... downgraded France Télécom's ratings to BBB- ... The agency no longer expects France Télécom to hit the 3.5x net debt/EBITDA target by 2003, but did assign a "stable" outlook to the low triple B ratings. It seems that the stable outlook is anchored by "the French state ... [which] 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." [EU]	La actual calificación de FT, BBB-, parece ampliamente estar basada en mayor medida en la promesa del apoyo del Gobierno de garantizar la liquidez que en sus indicadores principales ". Según los cálculos del Deutsche Bank, la relación deuda/EBITDA de FT parece haber sido del 4,9 el segundo semestre de 2002 y del 5,20 a 31 de diciembre de 2002.
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.