SCI HOLDINGS MAY BE UPGRADED BY MOODY'S
Moody's Investors Service Inc said it
may upgrade the ratings on 1.45 billion dlrs of debt of SCI
Holdings Inc.
    The agency cited SCI's announcement that it agreed to sell
for 1.3 billion dlrs six television stations and related
properties to a joint venture formed by SCI and Gillett
Holdings Inc. While financing details are not available, the
agency said SCI's debt should decline as a result of the sale.
    BCI currently carries Ba-3 zero coupon senior notes and B-2
senior subordinated debentures. The BCI unit Storer
Communications Inc has B-2 subordinated debentures.
 Reuter
