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To: Amy J who wrote (78179)4/9/1999 3:02:00 AM
From: Gary Ng  Read Replies (1) | Respond to of 186894
 
Amy, Re: Paul, is there another rating company?

Moody(?)

I believe S&P's rating is based on the previous quarter
and outlook which was not good but still up beat and
they had made 2 quarter of profit in a roll back then.

Gary



To: Amy J who wrote (78179)4/9/1999 3:11:00 AM
From: Paul Engel  Read Replies (2) | Respond to of 186894
 
AMY - Re: "is there another rating company? "

I'm sure there are, but I'm no bond expert.

Paul




To: Amy J who wrote (78179)4/9/1999 5:28:00 AM
From: nihil  Read Replies (5) | Respond to of 186894
 
Looks like the subordinated debt rating was CCC+ -- which is junk (as I remember). The short term cash rating was B (probably because of its revolving debt agreements which it can still draw on (at least until a bank cancels). AMD finances look perilous to me. Its cash is badly impaired and the company needs an infusion of perhaps $300 million immediately. Any one want to ante up and help these guys?


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