Babcock & Brown - S and P Rating Withdrawn
2008-11-24 15:15:00+10:00
ASX Release 24 November 2008 S&P RATING WITHDRAWN Please see attached an announcement from Standard & Poors regarding the withdrawal of the rating on Babcock & Brown International Pty Ltd (BBIPL) at the request of the company. Babcock & Brown has issued similar announcements 78 times before, most recently about 0 minutes ago on Friday 21 November 2008. The announcement 'S and P Rating Withdrawn' was issued to the ASX on Monday 24 November 2008. The share price for Babcock & Brown was $0.250 trending up at the time of the announcement. [Notice Type: Other - not one of the above]
2008-11-24 15:15:00+10:00
ASX Release 24 November 2008 S&P RATING WITHDRAWN Please see attached an announcement from Standard & Poors regarding the withdrawal of the rating on Babcock & Brown International Pty Ltd (BBIPL) at the request of the company. Babcock & Brown has issued similar announcements 78 times before, most recently about 0 minutes ago on Friday 21 November 2008. The announcement 'S and P Rating Withdrawn' was issued to the ASX on Monday 24 November 2008. The share price for Babcock & Brown was $0.250 trending up at the time of the announcement. [Notice Type: Other - not one of the above]
S and P Rating Withdrawn
Monday 24 Nov 2008
ASX Release
24 November 2008 S&P RATING WITHDRAWN Please see attached an announcement from Standard & Poor’s regarding the withdrawal of the rating on Babcock & Brown International Pty Ltd (BBIPL) at the request of the company. ENDS For further information please contact: Kelly Hibbins Babcock & Brown +61 2 9229 1800 kelly.hibbins@babcockbrown.com
About Babcock & Brown Babcock & Brown is an international investment and specialised fund and asset management group with longstanding capabilities in structured finance and the creation, syndication and management of asset and cash flow-based investments. Babcock & Brown was founded in 1977 and is listed on the Australian Securities Exchange. Babcock & Brown operates from 30 offices across Australia, North America, Europe, Asia, United Arab Emirates and Africa and has in excess of 1,400 employees worldwide. The company has established a funds management platform that has resulted in the creation of a number of focused investment vehicles. For further information about Babcock & Brown please see our website: www.babcockbrown.com
Ratings On Babcock & Brown International Pty Ltd. Withdrawn
Melbourne, Nov. 24, 2008—Standard & Poor's Ratings Services said today that it has withdrawn its 'CC/C' ratings on Babcock & Brown International Pty Ltd. (BBIPL) at the request of BBIPL. At the time of the withdrawal, the 'CC' long-term rating, the 'C' short-term rating, and CreditWatch Negative reflect our opinion that a high risk of default exists in the near term. Standard & Poor's does not have a rating on any of BBIPL's debt issues.
About Standard & Poor’s Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.au. Media Contact: Sharon Beach, Melbourne, (61) 3 9631 2152, sharon_beach@standardandpoors.com Primary Credit Analysts: Sharad Jain, Financial Institutions Ratings, Melbourne, sharad_jain@standardandpoors.com
www.standardandpoors.com.au
Monday 24 Nov 2008
ASX Release
24 November 2008 S&P RATING WITHDRAWN Please see attached an announcement from Standard & Poor’s regarding the withdrawal of the rating on Babcock & Brown International Pty Ltd (BBIPL) at the request of the company. ENDS For further information please contact: Kelly Hibbins Babcock & Brown +61 2 9229 1800 kelly.hibbins@babcockbrown.com
About Babcock & Brown Babcock & Brown is an international investment and specialised fund and asset management group with longstanding capabilities in structured finance and the creation, syndication and management of asset and cash flow-based investments. Babcock & Brown was founded in 1977 and is listed on the Australian Securities Exchange. Babcock & Brown operates from 30 offices across Australia, North America, Europe, Asia, United Arab Emirates and Africa and has in excess of 1,400 employees worldwide. The company has established a funds management platform that has resulted in the creation of a number of focused investment vehicles. For further information about Babcock & Brown please see our website: www.babcockbrown.com
Ratings On Babcock & Brown International Pty Ltd. Withdrawn
Melbourne, Nov. 24, 2008—Standard & Poor's Ratings Services said today that it has withdrawn its 'CC/C' ratings on Babcock & Brown International Pty Ltd. (BBIPL) at the request of BBIPL. At the time of the withdrawal, the 'CC' long-term rating, the 'C' short-term rating, and CreditWatch Negative reflect our opinion that a high risk of default exists in the near term. Standard & Poor's does not have a rating on any of BBIPL's debt issues.
About Standard & Poor’s Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.au. Media Contact: Sharon Beach, Melbourne, (61) 3 9631 2152, sharon_beach@standardandpoors.com Primary Credit Analysts: Sharad Jain, Financial Institutions Ratings, Melbourne, sharad_jain@standardandpoors.com
www.standardandpoors.com.au
