At $50 to $60 a share, that was probably the right currency to buy high-flying tech companies. For companies that are maturing, sometimes debt is the right currency. |
Obviously investor appetite is out there. There could well be other situations. |
The ratings continue to reflect the company's good positions in that market and other related industries, strong balance sheet and good cash-flow-generating capacity. |
This is company that had ample liquidity but it didn't have all that liquidity in the United States. They wanted to maintain huge financial flexibility. |