The rating agency says its greatest concern is "the magnitude of decline in profitability and the lack of visibility to turn around operations."

这家评级机构称，最令人担忧的是“盈利能力降幅之大以及看不到扭转颓势的前景。”

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Moody's,another rating agency, says it was less worried by the absence of covenantslast year than by the more aggressive use of borrowed money (in particular,bank debt) in private-equity deals.

另一家评级机构穆迪认为比去年合同的缺乏更值得担忧的是，借入金钱（尤其是银行债务）在私人股本交易的更过度自信地使用。

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Tristan Cooper of Moody’s, a rating agency, says many sheikhs fear the social consequences of too many local staff being laid off as a result of consolidation.

Moody的评级机构Tristan Cooper说很多酋长担心因合并重组导致地方裁员引发社会问题。

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For example, he would be free to publicize the true fact that Monex currently has an F rating from the Better Business Bureau, which the agency says connotes unreliability.

FORBES: Informer

CreditSights, a rating agency, says that the European implied default rate, assuming a 20% recovery rate, reached 25% at the end of last year but has since fallen to 15%.

ECONOMIST: Buttonwood

Moody's, another rating agency, says it was less worried by the absence of covenants last year than by the more aggressive use of borrowed money (in particular, bank debt) in private-equity deals.

ECONOMIST: What isn't known about bad debts