I love taking advantage from this ratings updates, as a lot worse is factored into the sp most times and in this case with ago.
99% of mbn was taken away from shareholders and sp went from 2c to 44c in a week. Expect a nice pump on the ago shareprice including lenders once deal is done to be selling some of their shares much higher levels... guaranteed. You have been around long enough in the markets you wil know what I mean.
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Ann: Atlas signs debt restructure agreement, page-99
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