(emphasis added); and (iv) in the section entitled ‘Risks/weaknesses’, the fact that ‘the financial risk of the highly leveraged FT is not commensurate with investment grade (compensated by strong operational performance/implicit support of French government)’.
(soulignement ajouté); (iv) — dans la section «risks/weaknesses section» — le fait que: «le risque financier lié au considérable endettement de France Télécom ne correspond pas à sa qualité d'investissement (laquelle est compensée par de bonnes performances opérationnelles et le soutien implicite du gouvernement français». ( «the financial risk of the highly leveraged FT is not commensurate with investment grade (compensated by strong operational performance/implicit support of French government)».)