America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: jan_mike who wrote (6807)	1/13/1998 12:46:00 PM
From: John Kratus	Read Replies (2) of 13594

I was planning to hold out and short AOL again at 90. But the S&P news changed my mind. NEW YORK, Jan. 13 /PRNewswire/ -- Standard & Poor's today assigned its single-'B' rating to America OnLine,Inc.'s (AOL) $350 million 4% convertible subordinated notes due 2002. A double-'B'-minus corporate credit rating also was assigned to the company, as was a double-'B'-minus bank loan rating. S&P ratings are something that wall street takes very seriously. This may be the chink in AOL's armour that could lead to a downgrade or two. I shorted at 87 5/8. John

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