2242749 Ont Ltd. AIIFF

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[RazorSharp]

According to the definition of ratings, "Junk Bonds".

GUELPH, ON, Dec. 13, 2012 /CNW/ - Armtec Infrastructure Inc. ("Armtec"") (TSX:ARF; ARF.DB) today reported that Standard & Poor's Rating Services has announced that it has changed its long-term corporate credit rating issued for Armtec Holdings Limited, a wholly-owned subsidiary of Armtec, to "B-" from "B" outlook stable.  Standard & Poor's further announced that it has changed its issue-level rating on the 8.875% Senior Unsecured Notes, Series A due September 22, 2017 issued by Armtec Holdings Limited (the "Senior Notes") to "CCC" from "B-", and revised the recovery rating on the Senior Notes to "6" from "5".  For further information, please see the Standard & Poor's website.

[nervesofssteel2]

saw the down stock day and i suspected negative news. 1.50 is the bottom, whether it goes lower.....not sure. Didnt Brookfield have an option to buy at 3.56 or so? I suspect that unrealized options may force it lower into that liquidation or takeover situation. In Brookfields case: I suspect they will buy the land assets and lease it back to Armtec for high margin....at the expense of future stock

[RustyNail]

I looked up the ccc rating and I find this very concerning.CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. CCC 1. A credit rating used by the S&P and Fitchcredit agencies for long-term bonds and some other investments. It is equivalent to the

[nervesofssteel2]

troubling indeed. Then again....their bonds were considered junk the day they were offered. No-one in their right mind owns them. Nerves

[BhoyB]

After the 4th quarter results come out, things could get a lot worse than what they are now.