Originally Posted by
Rated De
Reputational risk remains with the sovereign.
Foreign nominee owners can walk away and the incumbent government is left with a carcass. This is precisely as was 'war gamed' by Macquarie and the APA consortium during the now failed private equity take-over.
As has been said many times before: "The Assets will go Private and the Debt will go Public". The day of reckoning is looming.