Instead, Fitch's rating actions simply illustrate how it happens that many companies enter bankruptcy with the capital structures we now see; it is the result of a structural change that happens well before bankruptcy is ever mentioned.
Increasingly, however, the debt wave is changing companies' capital structures.
Stephen Schwarzman, chairman of Blackstone, argues that his firm's acquisitions have "bomb proof" capital structures.
As they establish their capital structures, companies should just stick to one share, one vote.
Differing capital structures mean it may not always be right to compare equity market capitalisation.
DURING the fast times at Wall Street High, investors paid little notice to companies' balance sheets and capital structures.
Less vulnerable are Allegiance Telecom and Time Warner Telecom, whose capital structures are not burdened by so much debt.
As well as four other buildings in the capital, structures in Bath and Gateshead also found themselves in the shortlist.
How is it that Cyprus banks were allowed to have capital structures that meant depositors had to suffer?
Amid the ranting, the rot from bad debts is creeping up banks' capital structures, imperilling any recovery.
Such structures help in sustaining prudently managed and long-dated income streams, which lend themselves to stable long-term yields for appropriately crafted capital structures.
