Democrat and Chronicle

(Tuesday, January 29, 2002) -- Moody's Investors Service said Monday that it might downgrade Bausch & Lomb Inc.'s debt ratings to junk status. The review involves senior unsecured and short-term debt. Moody's currently rates the senior unsecured debt "Baa3," the lowest investment-grade rating.

Standard & Poor's issued an alert of its own review earlier this month, citing the "uncertain success of management's efforts to restore growth."