
Rating Game (January 26 -- February 1)
FITCH | FROM | TO |
DOWNGRADES | ||
Asia Pulp & Paper sr. unsec. debt | B- | CC |
CE Generation LLC sec. bonds | BBB | BB |
Federal Mogel Corp. sr. unsec. debt | BB- | B- |
Finova Capital Corp. sr. debt | CCC | CC |
W. R. Grace & Co. sr. unsec. debt | BBB- | CCC |
MOODY'S | ||
UPGRADES | ||
Alberta Government Telephon Commission backed sr. unsec. | Aa1 | Aaa |
Alberta sr. unsec. | Aa1 | Aaa |
BG Bank sr. unsec. MTN | Aa3 | Aa2 |
BG Banksub., sub. MTN | A1 | Aa3 |
Cliffs Drilling backed sr. unsec. | Ba3 | Baa3 |
Danske Bank sr. unsec., sr. unsec. MTN | Aa3 | Aa2 |
Danske Bank sub., sub. MTN, jr. sub. MTN | A1 | Aa3 |
Lukens backed sr. unsec. | B2 | Caa1 |
R&B Falcon sr. unsec. | Ba3 | Baa3 |
RBF Finance backed sr. sec. | Ba3 | Baa3 |
Universal Compression sr. unsec. | B2 | B1 |
DOWNGRADES | ||
AmSouth Bank sub. | A1 | A2 |
Benedek Communications sr. sub. | B3 | Caa1 |
Bethlehem Steel sr. unsec. | B2 | Caa1 |
Corus Group backed sr. unsec. | Baa1 | Baa2 |
Enitel ASA sr. unsec. | B3 | Caa1 |
Fujian International Trust & Investment sr. unsec. | B2 | Caa3 |
Generac Portable Products backed sr. sub. | B3 | Caa2 |
Hannover Finance backed sub. | Aa3 | A1 |
Pliant Corporation sr. sub. | B3 | Caa1 |
Railworks sr. sub. | B3 | Caa3 |
Ryerson Tull sr. unsec. | Baa3 | Ba1 |
SEGA sr. unsec. | B2 | B3 |
Transocean Offshore backed sr. unsec. | A3 | Baa2 |
UNOVA sr. unsec. | B2 | Caa1 |
Viatel sr. unsec. | B3 | Caa2 |
Weirton Steel sr. unsec. | B2 | Caa1 |
STANDARD & POOR'S | ||
UPGRADES | ||
Housing New Zealand Ltd. sr. unsec. MTNs | A+ | AA- |
Connecticut Light & Co. 1st & rfdg. mtg. bonds | BBB- | BBB+ |
DARTS | BB | BBB- |
North Atlantic Energy Corp. 1st mtg. bonds | BB+ | BBB |
Northeast Utilities amort. notes | BB+ | BBB |
R&B Falcon Corp. sr. notes, sr. unsec. notes | B+ | A- |
RBF Finance Corp. sr. sec. notes | BB- | A- |
Western Massachusetts Electric Co. 1st mtg. bonds | BBB- | BBB+ |
DOWNGRADES | ||
Ameritrade Holding Corp. conv. sub. notes | CCC+ | CCC |
Doe Run Resources Corp. notes | B | B- |
fltg. rate notes | B- | CCC+ |
Kevco Inc. sr. sub. notes | CCC | C |
Neenah Foundry Co. sr. sub. notes | B- | CCC+ |
Transocean Sedco Forex Inc. debs. zero-cpn. conv. debs., notes | A | A- |
Weirton Steel Corp. sr. notes | B | B- |
04 Feb 2001