smh...centros 1.5b dollar debt headache..., page-14

I'm a new poster, but have been reading posts for a while, but I think the articles in todays papers are a complete beat up. The debt has not risen and if it had, the auditors could be sued for incompetance. All that has happened is some debt that should have been classified as current was classified as non-current in the accounts for 2007.

The debt is still 3.9B. The banks have extended dates and Centro will continue to operate and have bought enough time to come out with a good long term strategic plan.

That articles in todays paper are misleading to those that do not understand how to read company financials, I expect the reporters do not know how to read financials.