who will be impacted by SIV downgrdes?

-- Moody's Investors Service is preparing the biggest credit rating cuts since subprime mortgagescontaminated the bond market, foreshadowing losses forinvestments that pay Florida teachers and money market funds. Moody's may lower ratings on $105 billion of debt sold bystructured investment vehicles after the average net asset valuesof SIVs sponsored by firms including New York-based Citigroup Inc.declined to 55 percent from 71 percent a month ago, Moody's saidin a statement Nov. 30. The assets were valued at 102 percent inJune. --Montana, Conneticut, Florida state funds will be impacted by the downgrades. Florida State Run funds have withdrawn half of $27 bil funds invested in SIVs..