Rodent Regatta

THERE IS NO END TO THE BAD NEWS IN TELECOM
All forward progress will be impeded by some more bad news

Qwest Debt Rating Cut by S.&P. to Low ’Junk’ Grade. NEW YORK (Reuters) – Standard & Poor’s on Tuesday cut Qwest Communications International Inc.’s(Q.N) debt rating two notches to a low ”junk’’ grade, citing lower-than-expected second-quarter revenue in the No. 4 U.S. local phone company’s phone operations. By Reuters. [New York Times: Technology]