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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (8751)	7/18/2002 1:02:17 PM
From: Silver_Bullet	Read Replies (3) \| Respond to of 48461

Part of Rise today probably because picture is getting clearer on Q. I still stand by my prior statement that it's not like WCOM(E) or GLBX. The key has been the US West Buy. I'm been an aggressive trader between 1.6 and 3 but I'm going to let these last bunch of 1.75 and under shares ride for a bit longer. FT ***************** S&P - Q Assets 2x Debt load. NEW YORK -(Dow Jones)- Qwest Communications International has an asset value that is probably about double the debt load, Richard Siderman of the Corporate Telecommunications & Ratings Team at Standard & Poor's said in a conference call Thursday. The call comes after S&P Wednesday cut its ratings on Qwest by three notches, but changed its CreditWatch implications on the company to developing from negative. The Denver , Colo. -based company had $26.5 billion total debt outstanding as of March 31 . S&P Wednesday cut its corporate credit rating on Qwest to single-B-plus from double-B-plus based on greater uncertainty about the company's ability to meet the debt-to-EBITDA (earnings before interest, taxes, depreciation and amortization) covenant in its $3.4 billion bank loan and the increased risk that it won't be able to meet about $6.5 billion in maturities beginning in May 2003 and continuing through 2004. That includes repayment of the bank loan, which is due in early May 2003 . The move brought S&P's ratings on Qwest more in line with those of Moody's Investors Service and Fitch Ratings, which both delivered multiple-notch downgrades on Qwest last week.