31.   Mason lowered his rating due to price performance.

32.   Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.

33.   Nissan wants to reach a deal soon because credit rating agencies have been threatening to lower its rating.

34.   Nikko Research Center Ltd. lowered its rating on the share citing rising marketing costs.

35.   On Monday, Grubman lowered his rating to underperform from neutral, indicating that investors should sell the stock.

36.   On Monday, the two big credit agencies lowered their ratings on the debt of Lucent to a notch of junk status.

37.   One analyst, Michael J. Branca of Lehman Brothers, lowered his rating of Pepsi stock a notch and revised his earnings estimates downward.

38.   On Friday, analysts with SG Cowen, Lehman Brothers and Goldman, Sachs all lowered their ratings to neutral on Critical Path.

39.   Other analysts also lowered their ratings.

40.   Over the course of the year she lowered her rating on three of the stocks to neutral, while she continues to recommend the other three.