Dex One Corporation (DEXO)

[rightothesky]

S&P downgraded us.
The negative outlook reflects our view that upon commencement of a subpar repurchase of term debt, we expect to lower the corporate credit rating to 'SD' (selective default) and the issue-level rating on the company's senior secured credit facilities affected by the sub par buyback to 'D'. Shortly after completing the subpar buyback we expect to raise the corporate credit rating to a level that accurately reflects the ongoing credit risk of the company.

Goldman Sacks sucks!! They control too much of everything.

If this goes under a dollar buy as much as possible, the only reason it was downgraded was because they view this as a default because their not paying sky rocketing interest as they first agreed apon when in reality the company is saving more money over a period of time thus reducing their debt immediately. I view this as a good thing and so should the as*ses at the S&P.