DIR/INTC

(redirected from Direct Intercept)
AcronymDefinition
DIR/INTCDirect Intercept (aviation)
References in periodicals archive ?
The A1 rating on the Series 2007A bonds also reflects the sound but declining debt service coverage; the direct intercept of pledged state aid revenues by the Trustee (Bank of NY Mellon; Aa1 stable); a flow of funds in which revenues available for debt service are determined and received well in advance of debt service due dates; and the inability to issue additional bonds secured by pledged revenues.
The downgrade to A2 reflects sound but declining debt service coverage due a trend of reduced pledged revenues; the direct intercept of pledged revenues by the Trustee (Bank of NY Mellon, rated Aa1 stable); a flow of funds in which revenues available for debt service are determined and received well advance of debt service due dates; and the inability to issue additional bonds secured by pledged revenues.
Full browser ?