can bbp remain solvent?

From Wilson HTM:

Can BBP remain solvent?

We have re-run our solvency analysis for BBP. Based on our analysis, BBP will be able to service its debt requirements over the next three years. However, we note cash available for interest payments in FY09 is only $50m greater than the net interest expense.
We estimate that a fall in pool prices of 25%, or a 150bp increase in borrowing costs could result in insufficient cash flows to cover interest costs. While neither of these
scenarios appears likely in isolation, in our view there is a significant solvency risk should both pool prices fall, and debt costs further increase.