While Fitch views the conversion of CDLC debt to a fixed-rate mode positively, CDLC's debt burden will increase materially upon closing of the series 2010 issue.
CDLC benefits from modest competition in its service area with just one other continuing care retirement community (CCRC) facility located within a 19 mile radius and the nearest type-A facility over 20 miles away.
The accelerated amortization on the series B bonds could keep liquidity down should CDLC be unable to refinance its indebtedness.
Should CDLC be unsuccessful in refunding the series 2007 bonds, Fitch will review the rating.
By enabling MIDP and CDLC
features, along with key functionality such as the Java Mobile Media API (Application Program Interface) on its solutions, TI and its software development providers allow wireless carriers, manufacturers and Java software application developers using TI's technology to quickly create and deploy rich, differentiated Java applications and content.
TENERA will link its Internet-based training business that includes a full complement of interactive, technology-enhanced training housed in a robust CDLC
with EnviroWin's exhaustive suite of high quality environmental, health and safety desktop training solutions.
TENERA's CDLC is the cornerstone for delivering a full complement of interactive, enhanced training services to clients through the Internet.
The CDLC scaleable platform can meet the training needs of any size operation: from nationwide organizations requiring a comprehensive corporate university environment, to local firms without training resources seeking an easy, cost-effective training solution, to individuals desiring to purchase on-line training.
In addition to internal development of training courses, TENERA is working to establish agreements for the conversion of other companies' training libraries for delivery via the CDLC.