Also, I was not providing advice - the OP was a collection of information and links to save some people the time and effort of sifting through all of the rubbish that was around some months ago.  It was stated again and again that people should do their own research. 

As a related note, I read with interest a recent rating for a local mobile carrier.  The parent company was rated badly (B-), and their US370M of bonds much worse (CCC+ down to CCC).  S&P had no qualms at downgrading something they had previously rated higher.