centros guillotine to drop, page-18

jasoncoggins

those numbers fit in with the post that watso made the other day, about citigroup having to pay 11% on an issue of preferred shares to raise $7.5bn. watso thought that maybe citigoup had a AAA rating, but was not certain - and spent a few minutes trying to find out. mmm - just having another look, and it appears that the different rating agencies, all have their own "standards" (or whatever) see http://www.iii.org/individuals/life/buying/strength/

watso has no direct interest in centro, except for an interest in the way it might unfold, and the broader implications. as far as refinancing is concerned, watso has no real idea, but probably thinks that centro will not raise the money

anyway, best of luck to the punters, who are prepared to take the punt

the post by "aussie to aussie" was interesting