PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	1/23/2002 11:57:57 PM
From: Mr. Palau	Read Replies (1) of 769670

Halliburton rating downgraded Moody's deals company a blow By Lisa Sanders, CBS.MarketWatch.com Last Update: 5:55 PM ET Jan. 23, 2002 DALLAS (CBS.MW) - Shares of Halliburton fell in late trading Wednesday after Moody's Investors Service downgraded the oil service firm's credit rating and said its outlook remains negative. Moody's cut its rating on Dallas-based Halliburton (HAL: news, chart, profile) to Baa2 from A3. The company's shares fell as much as 35 cents in late trading to $10.45, but recovered to $10.75 on the Island ECN. The stock closed at $10.80 in the regular trading session. Separately, Halliburton reported a profit of $139 million, or 32 cents a share, in the fourth quarter of 2001. A year ago, the company lost $5 million, or 5 cents a share. Profit from continuing operations was $141 million, or 33 cents a share, matching what analysts polled by Thomson Financial/First Call expected. Revenue was flat at $3.2 billion. cbs.marketwatch.com

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