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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)

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To: drsvelte who wrote (115)9/17/1998 3:03:00 PM
From: BDR  Read Replies (2) of 268
 
File under "We figured as much":
Standard & Poor's Cuts Russia's Foreign Currency Rating To 'CCC-'; Outlook Still Negative -ÿ9/16/98
ratings.com

Moody's doing the same and more:

14-Sep-98
15:45
MOODY'S DOWNGRADES ECUADOR'S COUNTRY CEILINGS FOR FOREIGN CURRENCY DEBT AND DEPOSITS
14-Sep-98
12:11
MOODY'S LOWERS RUSSIAN RATINGS ON MINFIN BONDS FROM Caa1 TO Ca, ON INTEREST ARREARS NOTES FROM B3 TO Ca, AND ON FOREIGN CURRENCY BANK DEPOSITS FROM Caa3 TO Ca; MOODY'S CONFIRMS RUSSIAN EUROBOND RATINGS AT B3
14-Sep-98
10:51
MOODY'S DOWNGRADES ROMANIA'S COUNTRY CEILING FOR FOREIGN CURRENCY DEBT TO B1; AND FOR FOREIGN CURRENCY BANK DEPOSITS TO B2
14-Sep-98
01:00
MOODY'S DOWNGRADES AND LEAVES ON REVIEW FOR POSSIBLE FURTHER DOWNGRADE MALAYSIA'S FOREIGN CURRENCY COUNTRY CEILINGS

Just for interest, here is Moody's economic outlook site:
moodys.com
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