Investors reassess strategy as Alcatel joins fallen angel choir

  • 12 Jul 2002
The difficulties faced by investors in dealing with fallen angels were thrown into the spotlight again this week, as Moody's downgraded telecoms equipment supplier Alcatel to junk and Pimco managing director Bill Gross' highlights the destructive potential of hedge funds. Moody's cut Alcatel's rating from Baa2 to Ba1 ...

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