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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jack Colton who wrote (43557)	5/20/1999 11:46:00 PM
From: kathyh	Read Replies (2) of 90042

did you sell your cfn?? Thursday May 20, 4:30 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Moody's cuts ContiFinancial Corp (Press release provided by Moody's Investors Service) NEW YORK, May 20 - Moody's Investors Service today downgraded the debt ratings (senior unsecured to Caa1) of ContiFinancial Corporation (CFN). Moody's said the downgrade of CFN's ratings reflect the company's precarious financial condition and what appears to be some difficulty that CFN is having in raising equity capital or completing an outright sale of the company. (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------

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