my recollection is that allco is pretty well 100% interest rate hedged on its bank debt.
therefore, the rba shift makes no difference to allco's ability to service its debt burden.
as for the bank's attitude being in some way shaped by the rba decision. why would it be? do you think that the rba move is suddenly going to increase asset prices across the world?
i am not saying that allco is not going to get a bank extension. just that i see no reason why the rba decision today is itself grounds for optimism.
allco get extension, page-5
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