Austria argued that the refinancing conditions of BB in the event of a sale to the Consortium would have been more costly, given that GRAWE was rated and the Consortium was not only not rated, but had its seat in Ukraine and BB could therefore expect at most refinancing conditions for a — hypothetical — rating of ‘BB’ or ‘B’, if at all.
Austria selgitas, et BB refinantseerimise kulud oleksid konsortsiumile müügi korral olnud suuremad, kuna konsortsiumil puudus erinevalt GRAWE-st reiting ning kuna selle põhitegevuskoht asub Ukrainas, mistõttu BB refinantseerimise tingimused oleksid kujunenud hüpoteetilise reitingu „BB” või „B” alusel, kui sedagi.