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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: SusieQ1065 who wrote (5282)6/25/2002 11:41:06 AM
From: SusieQ1065  Read Replies (1) | Respond to of 17639
 
11:27 ET MOT Motorola cut by Moody's (14.63 +0.21) -- Update --
Moody's downgrades MOT's senior unsecured debt to Baa2 from A3 (among other cuts), reflecting 1) the pressure on operating performance in virtually every segment of MOT's business, 2) expectations of a protracted recovery and constrained returns, 3) sizable exposures to NXTL and the Chinese mkt, 4) elevated gross debt load, 5) the frequency of restructuring, 6) concentration of customers, and 7) the co's penchant for taking risk in its investment and vendor financing portfolios.