COLT Telecom (COLT) Message Board

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Technology Stocks : COLT Telecom (COLT)

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To: Scott Loftesness who wrote ()	2/16/1999 3:52:00 PM
From: Bob Mohebbi	Read Replies (1) of 95

Colt Telecom senior debt ratings upgraded to B1 from B2 by Moody's LONDON (AFX) - Moody's Investors Service said it upgraded the senior unsecured debt ratings of Colt Telecom Group PLC to B1 from B2, affecting 1.2 bln usd of debt securities. "The upgrades reflect our expectation that Colt will continue to improve its operating performance and implement its plan to become a pan-European competitive local exchange carrier (CLEC)," the rating agency said. Moody's said it expects that Colt will continue to fund additional capital expenditure in such a way as to avoid a significant deterioration of the company's capital structure and that it assumes that the company will not enter into any further bank agreements at this stage. ak/ © Copyright 1998, The Nasdaq Stock Market, Inc. All Rights Reserved. Please read our Disclaimer and Privacy Statement

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