bnb news shows the danger in these situations, page-15

One thing that BBI (and BBP for that matter) has over BNB is that they are generating regular cashflow.

The banks have dealt with Allco, MFS, et al for the very reason that they were not generating cashflow sufficient to service debt and BNB is in the same boat here - they can only generate cash through selling assets.

BBI on the other hand is tight cash, but is still pulling it in every day and servicing its debt. It only real concerning issues are rolling over that debt and having an event of default called on a debt facility. At this stage, they are taking all necessary steps to conserve cash and keep any potential event of default at bay, with asset sales necessary to give them the head room to meet planned and necessary capital expenditures on their asset portfolio (noting that these capex spends should then be building a "bigger engine" that generates higher levels of cash).

In my opinion, it will be a tight period for the cashflow generating satellites of BNB such as BBI and BBP, but they have the tools available to get through this by virtue of the cash generating infrastructure assets they hold. This has not diminished through this last twelve months.