Baker and Taylor Acq Corp on Bottom Rung

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Twizzle

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http://www.huffingtonpost.com/2009/03/10/moodys-bottom-rung-list-o_n_173378.html

Just curious, any thoughts on what this would mean for publishing if B&T defaulted/went bankrupt? Nothing? Or, would the world explode?

Anyway, I guess the more relevant moral of the story is, hurry up and redeem those Eddie Bauer gift cards. *sigh*


"On Tuesday, Moody's Investors Service published a new list called the Bottom Rung, which details which companies the ratings agency says are most likely to default on their debts. It estimates that about 45% of the companies on the list will default on debt over the next year..."

*sorry, Mods, if this is in wrong place. I have no idea where...
 
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