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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (14395)4/30/2002 8:58:57 AM
From: Bob Rudd  Read Replies (1) | Respond to of 78597
 
Dale: Good call on WCOM - This from biz.yahoo.com : <<A ratings cut to below investment grade could activate "triggers" that could jeopardise WorldCom's $2 billion accounts receivable securitization program, which would hurt its cash position, according to analysts.>>
On Jan 24, I posted a link to an S&P article on ratings triggers...it's a bit of a minefeild, the stuff that's hidden in debt/credit covenents of various types.