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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (68546)	10/2/1999 3:58:00 PM
From: Knighty Tin	Read Replies (3) of 132070

To All, Barron's runs a nice comment from S&P about credit quality. If the number of bond rating upgrades and downgrades are equal, the ratio is 1. If credit quality is declining, the ratio is less than 1. In the third quarter, the ratio was .24. Whew! This is one of my favorite bugaboos. The US corps are straining their credit limits and have no real positive cash flow to offset the slide into deeper indebtedness. Sounds like a new Paradigm to me. <g>

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