RE: RE: RE: Hey guys!Try not to get carried away. Remember that the rating agencies have access to management and budgets/plans/covenants that the rest of the street does not see. YLO was in compliance with all covenants at the end of the quarter (prior to receiving the $700 million in cash). If there was a covenant issue now, S&P would have been aware of it and it would be noted in the S&P release, which it was not.
While things appear bleak remember YLO is still generating a lot of cash, no bank or bondholder would want to impact operations (there are no hard assets to recoup in a bankruptcy). The dividend could still be eliminated, but I expect that YLO spoke with its bankers and rating agencies before deciding on the 15c level.