Cityscape Financial (CTYS) Message Board

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Non-Tech : Cityscape Financial (CTYS)

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To: Ryvers who wrote (1015)	10/16/1997 9:53:00 PM
From: Chris	of 2544

All, CTYS bond news... biz.yahoo.com ------------ ...... Among active issues, Cityscape Financial (CTYS) saw a volatile trading session on the heels of a one point loss on Wednesday, traders said. The bonds which began the day quoted at 81-1/2 bid, traded down harply to 77 bid but later came back up to finish the day at an 80 bid, players said. Last week, Moody's Investor's Service cut the firm's senior debt to Caa1 from B2. The action was based on concerns over Cityscapes liquidity, its high level of loans 90 or more days delinquent, and the firm's slow progress in working out problem assets, the rating agency said. Cityscape's stock ended off 1-3/4 points, players said. <end of story> -----------------

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