date:Mar 13, 2013
ith equity credit-to-operating EBITDA below 5.0x and continued generations of meaningful FCF would also be a prerequisite for any upgrades.
Further downgrades could occur if deleveraging is slower than Fitch expected or total debt with equity credit-to-operating EBITDA is maintained in the 7.0x range. Failure to achieve cost reduction targets, weakening organic growth or margin contraction, or increased debt levels could trigger adverse rating actions. The inability to generate FCF or a sustai