the news isn't bad IMO.
most likely they won't get a second investment grade rating by the 3rd of june. they anticipated that habppening and are already negotiating with the BBPF bank syndicate. the result expected...
quote
"bbp continues to work co-operatively with the bbpf bank syndicate and expects to achive a successful outcome by 31 july 2009"
"BBP beleives no action will be taken under the BBPF facility by the BBPF banking Syndicate during the re-negotiation period"
They got extra time to consider any Take over offers in the time.
DYOR
i have just checked in
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