S&P have reduced the rating for Babcock & Brown "BNB" or BBIPL NOT BBI
BNB's downgrade from BB- to CCC+ is associated with an increased risk that BNB (BBIPL) may not meet its A$3.1 billion corporate facilities financial covenants.
BBI Price at posting:
4.7¢ Sentiment: LT Buy Disclosure: Held