concerned with lack of disclosure/proactivity, page-2

Great Post defabstar - the debt downgraded is an extremely small piece of their debt portfolio. As you have mentioned the majority of the debt has retained its A rating.
Moodys has been bitten hard on the back of their loose recommendations over the past 12-18 months, and i guess this is a way for them to tighten their reigns and show to the market their conservative ways.
There is no doubt in my mind that all debt will be refinanced in due course. CER which is currently trading at a fraction of their NTA. Its shares have been priced at extinction (similar to all other REITS)for a long time now.
I'd like to remind everyone that CER's assets are recessions proof, defensive assets which attract a fantastic yield. The majority of the asset write downs are over and in the medium term i expect to see asset write ups in Dec 09 half.
The company is paying a dividend, the CSF profits have been unlocked and i expect the June 09 dividend to be significantly higher - closer to the 1.5-2c quite comfortably.
CER at these levels is a no brainer - when it starts running it will be hard to catch. With the evident uplift in the property market i only see one direction for CER. Exciting times ahead.