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To: AllansAlias who wrote (25284)	12/21/2001 5:19:22 PM
From: pater tenebrarum	Respond to of 209892

Allan, absolutely. i for one believe that both Moody's and S&P will be forced to once again revise their estimates for defaults upward early next year. in terms of assets, public companies with assets totalling $250 billion have gone bankrupt this year, and corporate bond defaults amount to nearly $110 billion (the former figure includes Enron, the latter excludes Enron). nobody believes it can possibly get any worse. but it will, imo.