To be ranked A, it is recommended that the company should be on lower side of rating and they are
· FiFixed Charge Coverage = 3.0 - 4.30
· CFund from operation/ Total Debt = 45 - 65
· Long-Term Debt / Capitalization = 22 - 32
Other factors in additional to tax credit, the cost of issuance of securities to be considered. It should also be kept in mind that the R&D is not tangible assets; therefore, the lenders would be reluctant to give loan.