Strategic plan is in place already per 8 May announcement, although when it satisfies bank lenders & note holders, not quite sure from a S&P point of view... perhaps when the plan is being implemented - which would assume is happening right now.
*Preserve value of underlying assets & income streams
*Position CNP to raise equity in order to reduce debt & recapitalis the balance sheet
*Identify other means of reducing debt, including potential portfolio or asset sales (providing appropriate values obtained)
So yes, now waiting to see news on asset sales at one would assume good prices (or they wouldn't be getting sold).
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- sales and rerating is needed
Strategic plan is in place already per 8 May announcement,...
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