Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (55840)	10/10/2000 7:09:07 PM
From: MulhollandDrive	Read Replies (1) of 63513

Well this doesn't look so hot... NEW YORK, Oct 10 (Reuters) - The credit quality of debt-laden U.S. companies is in its steepest plunge since 1989 -- when bankruptcies were surging and the junk bond market began a collapse -- and may get worse, credit rating agency Moody's Investors Service said on Tuesday. Moody's attributed the slide largely to a drop in consumer spending, a strong dollar and companies' inability to pass on high labour and energy costs to consumers. These factors, it said, may have helped trigger the recent spate of warnings by companies of lower-than-expected earnings.

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