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Corrections Corporation of America Message Board

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  • brendy45 brendy45 Jan 8, 2000 9:28 PM Flag

    Food for thought....

    I hope you're right with your seven predictions,
    particularly the last one. The two things I think that will
    not happen are 1) PZN/CCA will not be upgraded.
    Currently, the rating is BB+ on the bank debt. The rating
    was about to be cut by at least two notches. Now with
    the equity infusion and cancellation of dividends its
    possible that PZN can retain its current rating but that
    is the best case scenario. 2) The borrowing rate may
    drop by 50 bp (max) to L + 3.5% but that is about it
    as there is some serious fatigue amongst the lender

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