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S&P Prepares to Downgrade Avanti Bonds - warns Avanti seeking more debt

Tom Winnifrith Monday 29 February 2016

 

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On Friday Credit Ratings Agency Standard & Poor's stuck the knife into Avanti Communications (AVN) with an alert which should cause all shareholders to run to the hills. Avanti's sole response: to announce a meaningless Turkish contract. S&P is damning. It writes:

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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A touch of Aunt T on A Level Results day – Daughter Olaf sails into Oxford

My sister T spent her entire school career coming home from exams insisting that she had screwed up. It would subsequently emerge that she had finished top of the class every time. Okay my hard working younger sister did not get into Oxford but she gained entrance to a place in the Fens which is, I gather, almost as good.

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