| RATING GAME (Sept 27- Oct 3) | ||
| Moody's Investors Service | ||
| Downgrades | From | To |
| ANR Pipeline Co. Sr. Unscd. | Baa1 | Baa2 |
| Building One Services Corp. Backed Sr. Sub. | Caa2 | C |
| Cenargo Intl. plc. Sr. Scd. | Ba3 | Caa1 |
| Cleco Evangeline LLC Sr. Scd. | Baa3 | Ba3 |
| Colorado Interstate Gas Co. Sr. Unscd. | Baa1 | Baa2 |
| El Paso CGP Co. Sr. Scd. | Baa1 | Baa2 |
| El Paso CGP Co. Sr. Unscd. | Baa2 | Baa3 |
| El Paso CGP Co. Sub. | Baa3 | Ba1 |
| El Paso Corp. Sr. Unscd. | Baa2 | Baa3 |
| El Paso Corp. Sr. Unscd. MTN | Baa2 | Baa3 |
| El Paso Corp. Sub. | Baa3 | Ba1 |
| El Paso Natural Gas Co. Sr. Unscd. | Baa1 | Baa2 |
| El Paso Tennessee Pipeline Co. Sr. Unscd. | Baa2 | Baa3 |
| Encompass Services Corp. Sr. Sub. | Caa2 | C |
| Gemstone Investor Ltd. Backed Sr. Unscd. | Baa2 | Baa3 |
| Limestone Electron Trust Backed Sr. Unscd. | Baa2 | Baa3 |
| Sonat Inc. Backed Sr. Unscd. | Baa2 | Baa3 |
| Southern Natural Gas Co. Sr. Unscd. | Baa1 | Baa2 |
| Tennessee Gas Pipeline Co. Sr. Unscd. | Baa1 | Baa2 |
| Edison Mission Energy Sr. Unscd. | Baa3 | Ba3 |
| Midwest Generation LLC. Backed Sr. Scd. | Baa3 | Ba3 |
| Mission Energy Holding Co. Sr. Scd. | Ba2 | B3 |
| Avnet Inc. Sr. Unscd. | Baa1 | Baa3 |
| British Energy Backed Sr. Unscd. | B2 | Caa1 |
| DVI Inc. Sr. Unscd. | B1 | B2 |
| Doane Pet Care Co. Sr. Sub. | B3 | Caa1 |
| Allmerica Financial Corp. Sr. Unscd. | Baa2 | Ba1 |
| FMC Corp. Sr. Unscd. | Ba1 | Ba2 |
| FMC Corp. Sr. Unscd. MTN | Ba1 | Ba2 |
| Arrow Electronics Sr. Unscd. | Baa1 | Baa3 |
| Allegheny Energy Supply Co. Sr. Unscd. | Baa2 | Ba2 |
| Allegheny Energy Sr. Unscd. | Baa2 | Ba1 |
| Allegheny Generating Co. Sr. Unscd. | Baa2 | Ba2 |
| Allegheny Generating Co. Sr. Unscd. MTN | Baa2 | Ba2 |
| Monongahela Power Co. Sr. Scd. MTN | A1 | A3 |
| Monongahela Power Co. Sr. Unscd. | A2 | Baa1 |
| Monongahela Power Co. Sr. Unscd. MTN | A2 | Baa1 |
| Monongahela Power Co. Sub. | A3 | Baa2 |
| Potomac Edison Co. Sr. Scd. | A1 | A3 |
| Potomac Edison Co. Sr. Unscd. | A2 | Baa1 |
| Potomac Edison Co. Sr. Unscd. MTN | A2 | Baa1 |
| Potomac Edison Co. Jr. Sub. | A3 | Baa2 |
| West Penn Power Co. Sr. Unscd. | Aa3 | A1 |
| West Penn Power Co. Sr. Unscd. MTN | Aa3 | A1 |
| West Penn Power Co. Sub. | A1 | A2 |
| Goodrich Corp. Sr. Unscd. | Baa1 | Baa3 |
| Goodrich Corp. Sr. Unscd. MTN | Baa1 | Baa3 |
| Massey Energy Co. Backed Sr. Unscd. | Baa3 | Ba1 |
| Rohr Inc. Sr. Unscd. | Baa2 | Ba1 |
| Comcast Cable Communications Sr. Unscd. | Baa2 | Baa3 |
| Comcast Corp. Sr. Unscd. | Baa3 | Ba1 |
| Comcast Corp. Sr. Sub. | Ba1 | Ba2 |
| Comcast Corp. Sub. | Ba1 | Ba2 |
| Jones Intercable Inc. Backed Sr. Unscd. | Baa2 | Baa3 |
| Jones Intercable Inc. Backed Sr. Sub. | Baa3 | Ba1 |
| Lenfest Communications Backed Sr. Unscd. | Baa2 | Baa3 |
| Lenfest Communications Backed Sr. Sub. | Baa3 | Ba1 |
| MediaOne of Delaware Sr. Unscd. | Baa2 | Baa3 |
| Sempra Energy Sr. Unscd. | A2 | Baa1 |
| TCI Communications Sr. Unscd. MTN | Baa2 | Baa3 |
| TCI Communications Backed Sr. Unscd. | Baa2 | Baa3 |
| TCI Communications Backed Sub. | Baa3 | Ba1 |
| Upgrades | ||
| Pennzoil-Quaker State Co. Sr. Unscd. | Ba2 | Aa2 |
| Trump Hotels & Casino Resorts Holdings Backed Sr. Scd. | Ca | Caa3 |
| Trump's Castle Funding Sr. Scd. | Caa3 | Caa1 |
| FITCH | ||
| Downgrades | ||
| Fleming Companies Inc. Sr. Unscd. | BB | BB- |
| British Energy plc. Sr. Unscd. | B+ | B- |
| Six Continents plc. Sr. Unscd. | A | BBB+ |
| HomeSide Lending Inc. Sr. Debt | AA- | A |
| Upgrades | ||
| Penzoil-Quaker State Sr. Unscd. | BB- | AAA |
Rating Game (SEPT. 27 -- OCT. 3)