credit market remains under stress as 0

--Moody's Investors Service on Tuesday downgraded a batch of asset-backed securities issued by Bear Stearns Cos --Also Tuesday, Fitch Ratings downgraded certain notes within Sedna Finance, one of the structured investment vehicles that Citigroup Inc. manages. Sedna, which has more than $10 billion in assets, has no direct exposure to subprime mortgages or to collateralized debt obligations with asset-backed securities underlying them. Sedna's second priority senior notes were downgraded to 'CCC' on Rating Watch Negative from 'A,' reflecting Fitch's view that the probability the notes will incur a loss has significantly risen in recent weeks.