BBI babcock & brown infrastructure group
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bbi eps structural seniority to corp debt, page-3

  1. Turncoat
    164 Posts.
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    08/10/09
    12:02
    Post #: 5749079
    The junior creditor normally takes the hit. Is that laughable? It would be the case under VA.

    As an aside. The write downs taken by BBI EPS Ltd do appear over the top. I notice that Duet hasn't taken the same write downs on MultiNet and DTBP. Just a little curious.
    BBI Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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