BBP 0.00% 9.5¢ babcock & brown power

bbp lenders have limited options - afr

  1. 425 Posts.
    I wanted to bring attention to a passage from an article on BBP that appeared in today's AFR. The excerpt reads as follows:

    (Saying of BBP) It is saddled with coal-fired power stations that are tough to sell amid stricter emissions laws, and news that lenders might be willing to offer easier terms is a sign the banks have little choice but to co-operate, according to analysts.

    "That's their saving grace: the banks can't pull the plug," one analyst said. "You can't sell coal plants. The banks have to work together."

 
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