risky..dow jones

0854 [Dow Jones] STOCK CALL: UBS downgrades Kagara Zinc (KZL.AU) to sell from neutral on risks associated with miner's debts. KZL needs to refinance two debt facilities totaling A$150m by end of October and UBS says it believes the miner has insufficient cash to repay either of the facilities. "Without certainty on the method of readjusting the balance sheet, we believe an investment in KZL is risky," UBS says. Target price cut to 30 cents from 43 cents; KZL last traded at 49.5 cents. (APW)