The downgrade reflects expectations for debt reduction in 2006, which — while meaningful — is nevertheless insufficient to improve leverage and other key credit ratios to a level consistent with an 'A' rating level.

178

Gold Beach looked better than they did the first two games.

146

We scored on the very first play of the 2005 season. We called a misdirection play that Seth Brink took for a 35-yard touchdown run. It was a good way to start the year.

144

On completion of the refinancing, liquidity will remain at an adequate level, with total cash balances estimated to remain relatively unchanged from the year-end 2005 balance of US$3.0 billion.

113