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12-05-2012, 06:19 PM
  #469
aqib
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Join Date: Feb 2012
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Quote:
Originally Posted by GF View Post
Can someone explain to me how they can save 28m$ by refinancing 1.1b$ of their debt now, with a lower credit rating???
Interest rates in general are lower now than they used to be so depending on when the original debt was done its possible that you can do A2 debt today at a lower rate than AA3 debt a few years ago. I doubt it can be done now with the negative outlook (meaning another downgrade could happen at any point),

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