can bbp remain solvent?, page-11

I had a rude awakening from our good friends at ANZ margin lending today.

They have limited the security value on all Babcock and Brown companies regardless of actual links with BNB. They all count as one company in terms of security value up to a max of 25%.

Their reasoning is that all of the companies are linked.


It is going to be a rocky road in the interim for all BBI and BBP until BNB is sorted out, but I agree, looks like a good bet - I certainly could not get these sorts of odds at Crown