Maybe I'm wrong (I'm sure you'll tell me), but isn't the ATSB loan tied to maintaining a minimum credit rating? It seems to me they have been downgraded twice since they renegotiated with the ATSB.
So I guess I'm asking if they are already in technical default which means the 30 day deadline Bronner spit out is really just a negotiating ploy since the ATSB could call the loan today.
The real question is...will the ATSB call the loan? Do they gain anything politically or financially by forcing a liquidation?
IMHO they gain nothing from calling the loan and before the election it would look like the government taking jobs from an endangered industry in a bad economy.
So I guess I'm asking if they are already in technical default which means the 30 day deadline Bronner spit out is really just a negotiating ploy since the ATSB could call the loan today.
The real question is...will the ATSB call the loan? Do they gain anything politically or financially by forcing a liquidation?
IMHO they gain nothing from calling the loan and before the election it would look like the government taking jobs from an endangered industry in a bad economy.