credit rating downgrade, page-155

ok ss. Hoping u are right but issue is that is sp appreciated from here give tsx holder to make good money and they would not waste time to sell as the opportunity comes and there is too much uncertainty for mbn at the moment , any sp appreciation would not be for long perhaps half an hour and seller would sell at high price as soon as possible


mbn in strange situation,

too much negativity
servicing the debt issue still there , ni going down.

Nothing in favour of mbn at moment, if it survive for next three month then u can expect ni would improve and they make money and service the loan.

Can you answer my question. Suppose, there is no default of loan but they cannot pay the interest then what bond holder would do. If situation for mbn keep like that for 1 or 2 m then they would not be able to pay interest and it means they would default automatically

What would be the exact situation and where sh would stand

Thanks in advance.