|5.188.211.24|5.188.211.24\cさん＆Luis|Where do you live? <a href="https://happylights.pk/knitting-vertical-stripes-techniques-6rsa">g vertejas</a> PT's own dividend cut (reducing the commitment for the next two years to EUR0.10 per share from EUR0.325) provides some offset and signals management's deference to bondholder interests. However in Fitch's view it will be insufficient to stop the company's leverage (measured as net debt to EBITDA (both excluding Brazil) plus associate dividends) trending above 3.0x; a level the agency has previously stated as a key downgrade sensitivity. PT continues to manage its domestic business effectively. However Fitch expects domestic EBITDA to decline by mid-to-high single digits in 2013 given the correlated effects of the economy. Liquidity is strong with the EUR1.0bn seven-year Eurobond issued in April proving good market access and ensuring the company is pre-financed through 2016. さんの一首