Risk is the probability that some or all of these future cash flows will not materialize.
If such a sale does not materialize, the rating would likely be downgraded into the "Baa" category, from A2.
The overall macroeconomic environment is weak and the Christmas build season did not materialize as expected during the quarter.
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Synergies may not materialize as planned or the acquisition itself may fall through if it does not past government scrutiny.
But this did not materialize because of changes in the housing policy and weak export performance in July and August.
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If the diagram above does not materialize in another 20 years, we are in much bigger trouble than we think.
Another reason for improved sentiment in Vodafone was the sense that the worst fears for telecom regulations might not materialize.
In our view, this is an excellent tradeoff, since we believe large, sustainable positive returns will not materialize in the new market realities.
Second, if a public option does not materialize, a situation many health care observers in Washington expect, insurance companies will be in the driver's seat.
With YHOO, one might short sell the stock to take advantage of a plunge in the shares if a buyout offer does not materialize.
And the industrial metals rebounded on the idea that the recent pullback have been sufficient to discount the potential economic slowdowns, which may or may not materialize.
DiNapoli noted areas where estimated revenues and savings may not materialize, which could lead to budget gaps in the 2013-2014 fiscal year, which runs through March 31.
And even though the nightmarish flight delays and cancellations that the airline industry predicted would result from the furloughs did not materialize yet, the real test will come Monday, when traffic ramps up.
Since development programs are keyed to future threats that may not materialize as currently anticipated, their use as bill-payers for more pressing needs can be readily justified in a period of diminished danger.
Dr. Edward Platia, a cardiologist at Washington Hospital Center, said the device implanted Saturday will "offer protection" against potentially deadly arrhythmias, which may not ever materialize.
Makes perfect sense, when one gives it some thought, as if negative returns are expected by so many to be in the cards, they have most likely already positioned their portfolios ahead of bad news that may or may not eventually materialize.
If jobs could materialize, not only the Near West Side but the North Side and the Valley could bounce back too.
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But promises of future spending restraint (which may never materialize) surely are not the same as present-day austerity.
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In the event that the cash flow fails to materialize, the lessor does not get paid.
Not only did the synergies fail to materialize, but separate management strategies and work habits simply never came together.
Near-universal skepticism on the funding of any kind of large government stimulus means upside risks to growth expectations, not downside risks, if it does materialize in 2013.
At Morgan Stanley the answer is three years, which may not be long enough for hidden risks to materialize.
It is not clear, though, if any such alliance will materialize.
Too often, claims that "this will improve throughput by 8%" never materialize, because customer satisfaction drops, leading to lower customer demand, not a growth in transactions handled effectively.
We might know some questions we want to answer, but not to the extent that it makes sense to close off the ability to answer questions that materialize later.
The long history of fiscal and financial crises is that they happen abruptly, at a moment that seems not to matter, but in retrospect it was easy to see that the crisis would eventually materialize.
If you're anxious for all this talk about graphene to materialize into products that can be tucked away in your shoulder bag, you're certainly not alone.
ENGADGET: EU backs consortium in billion-euro program to hasten graphene development
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