If Lemma gets the nod to sell all NSW's power stations then it will certainly be a buyers market for power stations. Plenty too choose from if BBP goes under.
On Friday - August 22: Standard & Poor's affirmed its BB-plus/B ratings on Babcock & Brown International.
But they also said...
The ratings may be lowered if asset sales, such as those for the European wind assets, do not proceed as expected, or exposure to Babcock & Brown Power (ASX:BBP) is not reduced as expected.
What the heck do they mean by that? BBP has to be sold or something?
new major shareholder announcement , page-6
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