Hydro One - IPO Message Board

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Gold/Mining/Energy : Hydro One - IPO

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To: Copperfield who started this subject	4/24/2002 4:13:27 PM
From: John Sladek	Read Replies (2) of 52

Thursday, April 18, 2002 – Moody's downgrades Hydro One debt Moody's Investors Service Inc. has downgraded the ratings on senior unsecured long-term debt issued by Hydro One Inc. to A2 from A1, and has confirmed the company's prime-1 commercial paper rating. "This action reflects the expected financial effect associated with the forthcoming initial public offering," Moody's said. "Additionally, the ratings change incorporates our view of the challenges that may develop as the company executes its strategic plan and how those decisions may affect the company's ability to manage its financial performance. The rating outlook is stable." [NOTE DATE ON THIS ARTICLE] globeandmail.com

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