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Technology Stocks : Thermo Electron (TMO)
TMO 566.12-0.3%3:59 PM EST
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To: RODNEY W. CURVIN who wrote (200)7/29/1997 8:20:00 PM
From: Wallace Rivers   of 450
 
Typically, yes - but only for debt to be issued and for lines of credit. The interest rates will bear whatever the market is, and A rated debt will pay a lower interest rate than B rated debt. The debt already out in the marketplace will go up in price to effectively yield what the market will bear for a security of that debt rating. But the coupon, and therefore interest paid by TMO, remains the same.
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