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Joe Stocks

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Alias Born 02/24/2002

Joe Stocks

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Thursday, 11/07/2002 2:45:09 PM

Thursday, November 07, 2002 2:45:09 PM

Post# of 704019
PCAR->> Fitch cuts Cummins' credit rating (CUM) By Tomi Kilgore
Fitch Ratings has lowered the long-term credit rating of engine maker Cummins (CUM) to "BB-" from "BB+," citing "persistently weak" end markets and concerns over competition, increasing pension obligations and profitability. Fitch said industry demand is likely to suffer a "sharp drop-off" in the fourth quarter, following a sharp increase in the third quarter which reflected buying ahead of new emission standards. The stock is slipping 62 cents to $25.62.<<<

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