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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: yard_man who wrote (22348)	1/28/2005 11:12:12 AM
From: mishedlo	Read Replies (3) of 116555

S&P places P&G, Gillette ratings on ´watch negative´ Friday, January 28, 2005 3:50:11 PM afxpress.com 2005-01-28 15:50:11 S&P places P&G, Gillette ratings on 'watch negative' SAN FRANCISCO (AFX) -- Standard & Poor's Ratings Service said Friday that it has placed the debt of Procter & Gamble Co. and Gillette Co. on CreditWatch with negative implications. S&P said Procter & Gamble's planned $57 billion stock-swap purchase of Gillette will result in it substantially increasing its debt leverage and its credit protection measures will decline over the "intermediate term." S&P said Procter & Gamble had $21.4 billion of debt and Gillette had $3.1 billion of debt as of Sept. 30, 2004

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