Financial Overview

2001 2002 2003

Interest

Coverage 3.0x 3.3x 3.2x

Fixed Charge

Coverage 2.2x 2.3x 2.2x

Leverage

(Debt/TMC) 50% 49% 44%

• Investment Grade Rated

  • Moody’s Baa3
  • Standard & Poor’s BBB-
  • Fitch BBB-

• Solid Coverage Ratios

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