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PPL Corporation Message Board

  • gitreelonce gitreelonce Feb 17, 2013 5:06 PM Flag

    PPL and Kalifornia both have BBB credit ratings. One step above JUNK

     

    PPL just did a debt swap. They lowered the yield, and they shortened the length, and the new debt is no longer "secured". And, amazingly, a majority of idiots approved it. WHY ? Because PPL annally increased the amount. of debt by 27%. Their debt payments are theoretically lowered. By it will take years before the company actually sees a benefit of cash from the deal. And down the road, when interest rates go up, and they have to refinance, PPL is gonna be buried. Just like Kalifornia. The only question is, who goes first ?

    This topic is deleted.
 
PPL
33.940.00(0.00%)Oct 21 4:02 PMEDT

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