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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?

To: Icebrg who wrote (1683)	2/14/2002 8:50:30 AM
From: arnie h	Respond to of 10345

My guess is we'll see lots more downgrades as the rating agencies move to ward off suits from altruistic lawyers. These folks have a tendency to include anyone with deep pockets in their sights and the rating agencies have been accused of being too slow to lower ratings on Enron.

To: Icebrg who wrote (1683)	2/14/2002 9:29:52 AM
From: Hector	Respond to of 10345

<Yes, like almost every other analyst. But, Moody's et al are not in the business of giving investment advice. Their focus is credit risk assessment> I wasn't questionning the independence of rating agencies. My point was that like most people, they see things through the rear view mirror.