Providian DOWNGRADED AGAIN....

Discussion in 'Credit Talk' started by dogman, Oct 31, 2001.

  1. dogman

    dogman Well-Known Member

    The San Francisco Chronicle said today that:

    Standard and Poors downgraded Providian 's
    credit rating from BB+ --- it fell 2 full credit risk levels to BB-.

    Think of those investors that bought bonds, CDs, through PVN then suddenly have money locked up for 5 yrs - and cannot withdraw without losing interest...

    Again PVN screwed EVERYBODY - and the investors
    got their backs covered more than the cardholders.

    Howlllllllllll.......I normally don't howl, but this is Howloween. arrrrffff - dogman
     

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