| Moody's Investors Service | ||
| Downgrades | To | From |
| Falcon Products, Inc. sr. sub. | Ca | Caa2 |
| Key Energy Services, Inc. sr. unsec. | Ba3 | Ba2 |
| sub. | B1 | Ba3 |
| OMI Trust 1999-C struct. sub. | C | Ca |
| OMI Trust 1999-E struct. sub. | C | Ca |
| OMI Trust 2000-C struct. sr. sec. | Ba2 | Aaa |
| struct. sr. sub. | Ca | A3 |
| struct. sr. sub. | C | Ba1 |
| struct. sub. | C | B2 |
| OMI Trust 2000-D struct. sr. sec. | B3 | Aaa |
| struct. sr. sub. | C | Aa2 |
| struct. sr. sub. | C | Baa1 |
| struct. sub. | C | Ba2 |
| struct. sub. | C | B2 |
| OMI Trust 2001-B struct. sr. sec. | Baa2 | Aaa |
| struct. sr. sub. | Ca | Aa3 |
| struct. sr. sub. | C | A3 |
| struct. sub. | C | Baa2 |
| OMI Trust 2001-C struct. sr. sec. | Caa1 | Aaa |
| struct. sr. sub. | C | Baa2 |
| struct. sr. sub. | C | B1 |
| struct. sub. | C | Ca |
| OMI Trust 2001-D struct. sr. sec. | Ba2 | Aaa |
| struct. sr. sec. | Ba2 | Aa3 |
| struct. sr. sub. | Ca | Baa3 |
| struct. sr. sub. | C | B1 |
| struct. sub. | C | Ca |
| OMI Trust 2001-E struct. sr. sec. | Ba2 | Aaa |
| struct. sr. sec. | Ba2 | Aa3 |
| struct. sr. sub. | Ca | Baa3 |
| struct. sr. sub. | C | B1 |
| struct. sub. | C | Ca |
| OMI Trust 2001-E struct. sr. sec. | Ba3 | Aaa |
| struct. sr. sub. | Ca | Aa3 |
| struct. sr. sub. | C | Baa1 |
| struct. sub. | C | Ba1 |
| struct. sub. | C | B1 |
| OMI Trust 2002-A struct. sr. sec. | Ba3 | Aaa |
| struct. sr. sub. | Ca | Aa3 |
| struct. sr. sub. | C | A3 |
| struct. sub. | C | Baa2 |
| struct. sub. | C | Ba3 |
| OMI Trust 2002-B struct. sr. sec. | Ba1 | Aaa |
| struct. sr. sub. | Ca | Aa3 |
| struct. sub. | C | A3 |
| struct. jr. sub. | C | Baa2 |
| struct. jr. sub. | C | Ba3 |
| OMI Trust 2002-C struct. sr. sec. | Ba1 | Aaa |
| struct. sr. sub. | Ca | Aa3 |
| struct. sr. sub. | C | A3 |
| struct. sub. | C | Baa2 |
| struct. sub. | C | Ba3 |
| Oakwood Mortgage Investors, Inc. struct. sr. sec. | A2 | Aaa |
| struct. sr. sec. | A3 | Aaa |
| struct. sr. sec. | Baa1 | Aaa |
| struct. sr. sec. | Baa2 | Aa2 |
| struct. sr. sec. | Baa3 | Aa2 |
| struct. sr. sec. | B3 | A3 |
| struct. sr. sec. | Caa1 | Aa1 |
| struct. sr. sec. | Ba3 | Aa3 |
| struct. sr. sec. | Caa1 | A1 |
| struct. sr. sec. | Caa3 | A3 |
| struct. sr. sec. | C | Baa1 |
| struct. sr. sec. | Ca | Baa2 |
| struct. sr. sec. | C | Ba2 |
| struct. sr. sec. | C | Ba3 |
| struct. sr. sec. | C | Caa3 |
| struct. sr. sec. | C | Ba2 |
| struct. sub. | C | B2 |
| struct. sub. | C | Ca |
| struct. sub. | C | Caa1 |
| Palmyra Funding Limited struct. sr. sub. | Baa3 | A3 |
| Radnor Holdings Corporation sr. unsec. | Caa1 | B2 |
| Upgrades | To | From |
| Anglo Irish Corporation Plc sr. unsec. | A2 | A3 |
| sr. unsec. MTNs | A2 | A3 |
| sub. | A3 | Baa1 |
| sub. MTNs | A3 | Baa1 |
| jr. sub. MTNs | A3 | Baa1 |
| ARK CLO 2000-1, Ltd. struct. sr. sec. | Aaa | Aaa |
| Aeltus CBO II Ltd. struct. sr. sec. | Ba1 | Ba2 |
| BankBoston Corporation bkd. sr. unsec. | Aa2 | A1 |
| bkd. sub. | Aa3 | A2 |
| Enodis Plc sr. unsec. | B1 | B2 |
| Fleet National Bank sub. | Aa2 | A1 |
| Fleet National Bank (Old) bkd. sr. unsec. | Aa1 | Aa3 |
| bkd. sub. | Aa2 | A1 |
| FleetBoston Financial Corporation sr. unsec. | Aa2 | A1 |
| sub. | Aa3 | A2 |
| J.G. Wentworth Receivables III LLC struct. sr. sec. | Aa3 | A1 |
| struct. sr. sec. | Aa3 | A2 |
| LIN Television Corporation sr. unsec. | Ba3 | B1 |
| sr. sub. | B1 | B2 |
| National Health Investors Inc. sr. unsec. | Ba3 | B1 |
| sr. sub. | B2 | B3 |
| Oakwood Mortgage Investors, Inc. struct. sr. sub. | Aaa | A1 |
| Penn National Gaming, Inc. sr. sub. | B2 | B3 |