Someone reckons that Digital Equipment Corp is on the road to recovery: Loomis, Sayles & Co, a Boston investment company, bought about $250m of the company’s junk bonds, or more than a quarter of its total debt, the Boston Herald reported, We started buying DEC bonds this summer, after Standard & Poor’s announced they were expecting to downgrade the bonds from the investment grade rating, BBB, down to double B, it told the newspaper.
