credit suisse

Rubbery figures?

0841 [Dow Jones] Credit Suisse sees risk of further material writedowns for Babcock & Brown (BNB.AU). "However, given presently available disclosure, we have lost confidence in our understanding of BNB's senior debt covenants. As such we can't adequately assess the risk of covenant breaches and their consequences, and therefore can't adequately assess a fundamental valuation with sufficient certainty to underpin a 12-month share price target." (RBT)