now for the good news..

"BBP holds talks to renegoiate debt facilities"AFR 30/04

quote Len Gill
"the talks are constructive,positive and ongoing...they will take the necessity to sell assets to make debt repayments off the table"

" BBP plans for life after loss of its credit rating" SMH 30/04

Discussions were also still continuing with potential buyers of BBP, although the debt negotiations had taken centre stage. "The prospect for a full bid is still alive", Mr Gill said although it is too early to say whether a formal proposal would be made.