BERTSBit Error Rate Test Set
BERTSBangkok Elevated Road and Train System (aka Hopewell Project; Thailand)
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With a write-down of Hopewell's investment in BERTS, its consolidated leverage increases, which is counterbalanced by reduced equity commitments.
Standard & Poor's analysis, which focuses primarily on adequacy of cash flow, indicates that Hopewell will continue to have adequate cash from operations, provided it is able to contain its future exposure from the BERTS cancellation.
Standard & Poor's will review developments relating to the cancellation of BERTS and assess the company in the context of its soon-to-be-released annual results.
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