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Gold/Mining/Energy : Dynegy Inc.

DYN 17.77

-2.7%

Jan 9 9:30 AM EST

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To: Softechie who wrote (97)	6/28/2002 4:11:21 PM
From: Raymond Duray	Read Replies (1) of 208

MOODY'S CUTS DYNEGY HOLDINGS INC.'S CREDIT RATINGS TO "JUNK" Source: Energy News Live -------------------------------------------------------------------------------- Moody's Investors Service downgrades the ratings of Dynegy Inc. and its subsidiaries. Moody's says this is due to concerns related to the company's current liquidity position and operating cashflow that is expected to be weak, relative to existing debt levels. Moody's cut the credit ratings of Dynegy Holdings Inc., the main debt-issuing arm of energy company Dynegy Inc., to "Ba1," the highest junk grade, from "Baa3," the lowest investment grade. The outlook on the credit is negative, Moodys's says, because the ratings are more likely to be cut than raised. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Last updated on Fri Jun 28 13:30:28 CDT 2002 energynewslive.com

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