December 20, 2007  
NORTHERN ROCK: Moody's Cuts Bank Financial Strength Rating to E+
Moody's Investors Service downgraded to E+ from D+ Northern 
Rock's Bank Financial Strength Rating.  The E+ maps into a 
Baseline Credit Assessment of B1. ...
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FEDERAL-MOGUL: Plan's Effective Date Set for December 27
Federal-Mogul Corporation disclosed that its Plan of 
Reorganization is scheduled to become effective on Dec. 27, 
marking the Company's emergence from Chapter 11...
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CA INC: Fitch Affirms 'BB+' Issuer Default Rating
Fitch Ratings has affirmed these ratings of CA, Inc.:... Read More
PERSEY LLC: Proofs of Claim Filing Deadline Set December 26
Creditors of LLC Persey (code EDRPOU 30729367) have until 
Dec. 26 to submit written proofs of claim to:...
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NOVELL INC: Posts US$13MM Loss from Operations in 4th Qtr. 2007
Novell, Inc. has announced financial results for its fourth
fiscal quarter and full fiscal year ended Oct. 31, 2007. ...
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SMART SME 2006-1: Fitch Cuts Ratings to B on Rating Migration
Fitch Ratings has affirmed and downgraded SMART SME CLO 2006-1 
Ltd's issue of EUR358.2 million floating-rate notes due December 
2016:...
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KANSKAYA TOBACCO: Court Starts Competitive Proceedings
The Arbitration Court of Krasnoyarsk Krai commenced 
competitive proceedings against OJSC Kanskaya Tobacco Factory 
after finding it insolvent on Nov. 12.  The case is docketed 
under Case No. A33-5638/2007....
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CLEAR CHANNEL: Moody's May Lower Corp. Family Rating to B2
Moody's Investors Service will likely downgrade Clear Channel 
Communications, Inc.'s Corporate Family Rating to B2 when its 
change of control is completed....
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