Timmothy Posey

Next, the High-Yield Stress Test

Dean Foods has already raised a secondary offering (common) to pay for that $196 million bond. So you can essentially scratch them off that list. As for the rest, they will most like just roll debt forward or issue common to pay for the coupons.

I don't think we're "there" yet as far as seeing real world stress test on high yields. The credit markets are "open" however everybody is currently trying to tap the credit/capital markets and that includes the gov't. We will most likely see very high yields in the near future.