SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bob Rudd who wrote (16664)3/29/2003 11:30:45 AM
From: Bob Rudd  Read Replies (1) of 78666
 
MO: 3/28/03 14:58 ET Briefing.com S&P may downgrade Altria, says PM USA MAY NOT BE ABLE TO RAISE BOND AMOUNT (MO) 31.84 -1.46: -- Update -- Standard & Poor's says that its "A" corporate credit ratings on Altria Group and related entities such as Kraft Foods remain on CreditWatch with negative implications and may be lowered in the near-term. Although the Illinois court has stayed the entry of its $10.1 bln judgment reached on March 21 for 30 days until on or about April 21, Philip Morris USA COULD BE REQUIRED TO POST A BOND FOR AS MUCH AS $12.0 bln; Standard & Poor's believes that the CO WOULD BE SERIOUSLY CHALLENGED TO RAISE THIS AMOUNT, and Philip Morris USA MIGHT HAVE TO CONSIDER BANKRUPTCY AS AN OPTION.
[I doubt bankruptcy is near, but for a major rating agency to mention it is significant]
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News