The market for WorldCom's bank debt was widely disputed last week with traders pricing the paper at bid/ask spreads from 96 1/498 1/4 to 97 1/299, and no trades completed. Discrepancy over appropriate levels for the name have come from reports that the Securities and Exchange Commission is investigating the company's accounting practices. One trader asserted that the correct range was "definitely not in the 96s", while another said 99 was too high. Standard and Poor's affirmed the company's BBB+ rating in its February 11 statement, but changed the outlook from stable to negative. This change comes with concerns that the economic and competitive conditions of the current telecom market could hinder the company's efforts to deleverage in the near term. WorldCom is a global company located in more than 65 countries providing internet, as well as voice and data services. Scott Sullivan, company cfo, could not be reached by press time.