RE:RE:RE:Desjardins : a recent discussion with Martel and Al.Sorry Jacques, it loolks we were thinking the same thing. Cheers
Jacques4444 wrote: Ending 3Q with an adjusted net debt/TTM EBITDA of 4.1x and pro forma liquidity of ~US$1.3b, we see leverage falling below 4x by the end of 2023. We believe this should attract incremental institutional interest as those investors often use 4.0x leverage as a threshold. We reiterate that BBD’s guidance of 2.0–2.5x by 2025 is likely on the conservative side— we calculate 1.6x in 2025, which should drive an investment-grade rating and incremental upside from interest rate savings.