11.   Canadian National, which will lose the financial guarantee of the Canadian government, expects to see its debt ratings cut.

12.   Enron, which has a lower debt rating than Peco, said it wants to finance all the debt using the bonds backed by state-mandated fees.

13.   Handelsbanken, Nordbanken, and S-E-Banken have all had their debt ratings or outlooks upgraded during this year.

14.   He said particularly strong companies are sometimes constrained in foreign currency borrowings by the sovereign debt ratings of their nations of residence.

15.   Higher debt ratings can lower borrowing costs for companies because investors perceive them as less risky.

16.   IBCA cut the long- and short-term debt ratings of Sumitomo, Sanwa Bank Ltd., Dai-Ichi Kangyo Bank Ltd. and Long-Term Credit Bank of Japan Ltd.

17.   If the debt rating is lowered, TCI will have to spend more to borrow.

18.   If it gets a low debt rating, the bond would carry a higher interest rate.

19.   If the city files for bankruptcy, its debt rating could fall further.

20.   In Thailand, Fitch IBCA downgraded the debt rating of ten banks amid concern loan quality is worsening because of the economic slump.