Chalco's debt levels than competitors are still higher capital ratios as of September 30, 2011 , liabili

However, the involveme Evening dresses nt of non-euro countries in the UK which is true bit of a surprise , analysts said it was


Moody questioned the Cheap evening dresses  rescue effect


Moody's said in a  Red bottoms statement the same day , Italy, Portugal , Slovakia , Slovenia and Malta, the country's sovereign credit rating lowered one level, Spain 's sovereign credit ra Red bottom shoes ting cut two levels to A3 from A1 .  Cheap ball gown 


Moody's said the decision was made because the e Prom dresses uro zone's financial and economic structural reforms are still many un Cheap bridal dresses certainties , and the resources required by the euro zone sovereign debt crisis will not necessarily be in place in time to make the do Wedding dresses wngrade .


non-euro Britain i Cheap prom dresses n the move


However , another Moody's decision is even more market atte Wedding dressesntion , the company maintained the three countries of Britain, France and Austria 3A sovereign credit rating unchanged , but the country's rating outlook as negative .  wedding dress 


non - euro area countries - England , no small shock to th Cheap Wedding dress  market in the cut list . British Chancellor of  Wedding dress the Exchequer Osborne immediately on the state Dresses ment : p> The report is expected


Confederation o Cheap Wedding dresses f British Industry on the 13th , 2012 the British economy will stop the recession , but will still be subject to the uncertainties of the  Fashion party gown debt crisis in Europe . Kerry Teresa , the Director-General of the Confederation of British Indu top christian louboutin replica stry said that Britain 's economic recovery will depend on the resolution of the crisis sit vintage dresses uation of the euro area . Rating agencies Standard & Poor's announced plus size prom dresses  today that the lower the Aluminum Corporation of China (02600 ) foreign currency long-term corporate credit rating lowered to Corporate credit rati plus size halloween costumes ng outlook negative. Turn to its Greater China credit system rating from Lu text , 

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Standard & Poor's analyst said , lowered the rating of the Chinese aluminum industry , the fourth quarter of 2011 reflect the company's financial performance worse than expected , and recognize the global economic uncertainty will result in aluminum prices in 2012 years to maintain the trend.



S & P refers to Chalco's cash flow to cover the situation relative to its rating level continue to be very weak . Expected its operating cash flow to adjusted total debt ratio may be as low as 5% -6% . Chalco's debt levels than competitors are still higher capital ratios as of September 30, 2011 , liabilities for 57% . Expected to substantially lower debt levels in the coming year will not be completed because of it there are a lot of capital expansion . Profitability to a certain extent, to improve its free cash flow from operations of at least the next two years is still negative, and the larger . In addition , management has made it clear through up to nine billion yuan ordinary shares issued in the domestic market , Standard & Poor's believes are less likely to achieve in the short term , due to sharp fluctuations in its share price of China's stock market fell sharply in the past year .



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