bbi ordinary dividend unlikely in 2009, page-28

An investment grade rating is a toughy. The agencies dont like changing their mind and they are slow to upgrade and downgrade. Even if BBI sold enough to debt to get to investment grade ratios, the agencies now talk of the ability to access capital and in this crisis, there is no ability to access capital either from banks or investors. Its going to be 2 years minimum unless they sell enough to get the banks to change their mind, which is a more likely event in my opinion