interesting points guys.i don't know how bnb can make this...

interesting points guys.

i don't know how bnb can make this statement:

"An administration of Babcock & Brown Limited, if that occurs, will not affect the solvency of Babcock & Brown International Pty Ltd, the primary operating company in the Babcock & Brown Group and borrower of the corporate debt. It will continue to operate and implement the revised business plan, including the asset sale program as outlined."


if bnb defaults on the notes, it means we can go after bbipl who have provided a guarantee for them.

so if bbipl cannot pay up, how can bacbcock say its solvency will not be affected?