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To: Mark Myword who wrote (3971)5/5/1998 1:45:00 PM
From: Eric D. Moody  Read Replies (1) | Respond to of 164684
 
Caa Bonds which are rated Caa are of poor standing. Such issues may be in default or there may be present elements of danger with respect to principal or interest. Ca Bonds which are rated Ca represent obligations which are speculative in a high degree. Such issues are often in default or have other marked short-comings.


Care of Moody's Investment Service