Allied Capital (ALD)

Add a New Bears Reason Company: Allied Capital (ALD) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   May default on debt, suspend dividends Top Contributor: Kirk McClure | Created when NYSE:ALD was $1.64 | Edit | History On 28 January 2009, Allied warned that it may default on its debt. ALD estimated that its asset coverage ratio at the end of 2008 will be less than the 200% required under its revolving credit facility and four outstanding private notes. Allied also said it won't be able to declare dividends or make other distributions to shareholders without a minimum 200% asset coverage ratio.[1] (100 character max) Cancel

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