How to have show? from 6.3bil debt financing in vto announcement to 7.2bil debt financing based on the Nanyang article. Assuming a 5% interest rate, its coming up to min 315mil annual interest based on 6.3bil debt. That probably triggered the negative credit watch from analyst as interest coverage ratio will drop accordingly. ~30% pat hit assuming everything else equal from the baseline of last year's annual performance and excluding additional debt financing assuming RWNYC secures the casino license.