We will monitor Navistar's progress in reaching a prompt resolution, as well as its current and prospective sources of liquidity. If it appears that the company will be unable to resolve these potential defaults quickly, or if the company's liquidity were to become a concern, a multiple-notch downgrade is possible.

Eric Ballantine

Progress Resolution Will

Related Quotes

We currently believe that Navistar will resolve the potential default well before the 60-day cure period ends. If it appears that the company will be unable to resolve this potential default quickly, or if the company's liquidity were to become a concern, a multiple-notch downgrade is possible.

— Eric Ballantine

CureDayPotential

We're coming closer to a resolution to this, and it will allow us to have 12 games. Ideally, like I've said, we'd like to play our traditional rivals the last game of the season.

GamesResolutionUs

The uncertainty on the filing is probably what the market is looking at.

— Eric Ballantine

Ratings on Horizon Lines reflect its aggressive financial profile, modest financial flexibility, participation in the capital-intensive and competitive shipping industry, and an aging fleet.

— Eric Ballantine

FlexibilityParticipation

Making resolutions is a cleansing ritual of self-assessment and repentance that demands personal honesty and, ultimately, reinforces humility. Breaking them is part of the cycle.