Hi woollydog,
are you referring to announcement today?
"Standard & Poor's Ratings Services said today that it had lowered its long-term issuer credit rating on Australia-based Babcock & Brown International to BB from BB+. The rating outlook is negative."
About Babcock & Brown International not Babcock & Brown infrastructure.
Did you read SMH article?
top of article they used BBI, when they were talking about BBIPL