eToys Inc. (ETYS) Message Board

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Technology Stocks : eToys Inc. (ETYS)

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To: DD™ who started this subject	2/27/2001 10:55:20 AM
From: Shawn M. Downey	Read Replies (1) of 1330

*S&P CUTS ETOYS <ETYS.O> CORPORATE CREDIT RATING TO CC FROM CCC MINUS (Press release provided by Standard & Poor's) NEW YORK, Feb 27 - Standard & Poor's today lowered its corporate credit rating on eToys Inc. to double-'C' from triple-'C'-minus. The single-'C' subordinated debt rating on the company was simultaneously affirmed. The outlook is negative. The rating action follows eToys' announcement that it plans to file for protection under federal bankruptcy law in approximately the next five to 10 days. The company anticipates closing its Web site on or about March 6, 2001. Thereafter, management plans to focus on closing down the business and liquidating assets.

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