This is good news, Anski!
The Red Kite loan, that is obviously going to be closed, is a much better deal than the bonds that apparently would have necessitated some convertibility and carried a high interest rate. Moody's was hired to rate the bonds, and only the bonds, by the company when we were looking in that direction. (Read the initial explanation of Moody's when they published the rating.) Now this is a required formality since we are not doing the bonds. The title of the article is very misleading as it implies a withdrawal of some broad company wide ratings, when in fact it just applied to the bonds that will no longer be necessitated and will not exist. Sorry you are sad JFF, you just don't understand that the loan is a much better deal from all aspects. Just a formality, not really any news value.
