PPRuNe Forums - View Single Post - Air Canada got its first thumbs-up from Moody’s

3rd Jun 2013, 13:00

#8 (permalink)

er340790

Join Date: Jul 2005

Location: Canadian Shield

Posts: 538

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Let me explain this in very simple terms.

Joe Bloggs has income this year of $100k.

Next year he expects his income to be zero or negative.

He also has $800k on his credit card.

Would YOU lend him money??????????????

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