Monster (MWW), Central European Distribution (CEDC) Plunge on Downgrades, Debt

Monster Worldwide Inc. (NYSE:MWW) and Central European Distribution Corp. (NASDAQ:CEDC) were getting hit hard today, as both were downgraded by separate firms.

In the case of Monster Worldwide, they were downgraded by William Blair & Co. from "Outperform" to "Market Perform," and were trading at $15.91, down $1.08, or 6.36 percent, as of 1:02 PM EST. They had been the worst performer in the Standard & Poor’s 500 Index.

Central European Distribution Corp. got downgraded by Credit Suisse Group AG (NYSE:CS) from "Outperform" to "Underperform." Moody's (NYSE:MCO) also said they may lower the debt rating on the company.

CEDC was trading at $12.44, down $1.50, or 10.76 percent.