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To: patron_anejo_por_favor who wrote (54881)1/5/2001 5:53:31 PM
From: pater tenebrarum  Respond to of 436258
 
yes, i heard already. another skeleton that comes tumbling out of the JPM closet. there will be many more before everything's said and done imo.



To: patron_anejo_por_favor who wrote (54881)1/5/2001 6:28:12 PM
From: Monty Lenard  Read Replies (2) | Respond to of 436258
 
Moody's cut ratings on PG&E and Edison's senior unsecured debt to ``Baa3'' from ``A3'' and downgraded the secured debt of the companies' utilities to ``Baa2'' from ``A1.''

I see Moodys is about as far ahead of the curve as the other wise analysts on the street. Has to give one confidence in their bond ratings. If a broker ever tells me "Moodys has them rated A3" I will ask "For how long"? :-)

Monty


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