Moody's cut Qwest's debt ratings, because bondholders now rank behind banks in case Qwest fails to generate enough cash to pay its debts. The downgrade came one day after Qwest said it amended a $3.39 billion credit line, a move that analysts said eliminates concerns Qwest might seek bankruptcy this year. Qwest "may still face difficulty generating sufficient cash flow" to service the entities' debt maturing in 2004 and beyond, even with proceeds from the QwestDex sale. A successful sale would allow Qwest to cover its maturing debt through 2003 and possibly 2004. | 
