61.   Taxes on the transfer of assets from one company to another will also discourage the formation of operating subsidiaries, the rating agency said.

62.   Still, rating agencies have been issuing unsolicited opinions on the credit-worthiness of borrowers for decades.

63.   That very question occurred to New York Governor Mario Cuomo, whose state also gets mediocre grades from the rating agencies.

64.   The bond rating agencies missed all the early warning signs.

65.   The bond rating agencies are lowering ratings of big companies, having discovered that they cannot sell assets for the expected prices.

66.   The company is scheduled to meet with the rating agencies next week.

67.   The company still faces scrutiny from debt rating agencies, and troubles at several of its civilian sector business units, however.

68.   The bond rating agency cited the charge and the financial crisis in Asia, which it said may lead to jumbo jet order cancellations and a drop in orders.

69.   The disclosure of the debt caused concern among bond rating agencies.

70.   The deal got a mixed reaction from the rating agencies that follow the industry.