MOODY'S MAY DOWNGRADE UNITED ARTISTS <UACI.O>
Moody's Investors Service Inc said it
may downgrade 350 mln dlrs of debt of United Artists
Communications Inc and of United Cable Television Corp <UCT>.
    Under review are both firm's B-2 convertible subordinated
debentures and United Cable's B-2 convertible subordinated
eurodebentures and subordinated debentures.
    Moody's cited an announced agreement to merge the two
companies into a new company operating under the United Artists
name. Moody's will study whether the definitive agreement will
require additional debt, or change the interest coverage or
ratio of total debt to operating cash flow.
 Reuter
