Ann: Renegotiation of Terms of Babcock and Brown , page-3

re: Ann: Renegotiation of Terms of Babcock an... Depends if you see the glass half empty or half full!

If you're a pessimist - BBP can't pay or banks won't lend more/rollover so is seeking to buy time until it can.

If you're an optimist - BNB (and BNB's bankers) see BBP as a low credit risk (risk of default) so are happy to extend the loan.

Effectively a refinance though which is what the market wants.