81.   The rating agency said the review follows a decision by the California Public Utilities Commission that accelerates local phone competition in California.

82.   The one that forced bond rating agencies around the world to put the United States on credit watch because Congress was refusing to raise the borrowing limit?

83.   The rating agency cited the potential negative effects of the appreciation of the Japanese yen.

84.   The rating agency was concerned that a separated company might not have the cash flow required for such high debt.

85.   The rating agencies do usually consider inflation when gauging default risk, since hyperinflation carries a risk of devaluation, political instability and other nasty effects.

86.   The rating agencies, said Jon Barry, a director at Salomon Brothers, have helped make the whole enterprise look rational.

87.   The rating agency also revised the outlook to stable from negative on a series of Mexican companies, including cement makers Apasco SA and Cemex SA.

88.   The rating agency cited concerns about the greater risks that Lehman might take to increase profits in these leaner times.

89.   The serial bonds are insured by Financial Guaranty Insurance Co. and are rated triple-A by the rating agencies.

90.   The rating agencies have never had a lot of success staying safely behind their nerdy image.