In today’s briefing:
- Energy Absolute: Band Aid Secured
Energy Absolute: Band Aid Secured
- The EA 248A bond meeting on 9-August produced a consent from bondholders to extend the maturity as per the company’s request.
- EA’s CFO announced that the company has secured 3-year credit facilities from 9 financial institutions and Asset Plus Securities Fund Management.
- Barring any further negative news , we believe the maturity extension and the long-term bank credit facilities could lead TRIS to at least reverse EA’s credit rating outlook.
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