Analysts still question Goodman strategy

摘要

Goodman's fundraising measures were met with both approval and caution.Analysts praised it for taking steps to increase its liquidity but were concerned about its ability to service its debts.Peter Zuk, analyst atAustralian investment bank Goldman Sachs JBWere, said: 'This raising should provide Goodman with much-needed capital breathing space and places less pressure on [it] to raise third-party equity in 2009. 'While managementindicated that [the] equity raising was not due to any potential breach of debt covenants, it raises the question of whether Goodman faced headwinds in being able to refinance debt expiries in December 2008 and March 2009.'