I almost choked on my breakfast when this part
"Compounding the gloom, Standard & Poor's issued a statement after the close of trade lowering its credit rating on B&B from BB- to CCC+, a rating given to companies at risk of going bankrupt. "We believe the company is likely to face significant challenges in selling its assets and businesses, and consequently reducing its debt at the corporate level," S&P said."
Geeez, when you're down everyone wants to stick the boot in.
BNB
babcock & brown limited
