	cont l illinois cil says moratorium may cut net continental illinois corp said if the brazilian debt moratorium remains in effect it may place its medium and long term loans to brazil on a cash basis this would increase non performing loans by about mln dlrs and reduce income before taxes and net income by about mln dlrs in the first quarter and mln dlrs for the full year company officials told a press briefing loans to brazil at year end totaled mln dlrs according to the annual report released at the briefing in february the brazilian government citing a declining level of foreign currency reserves declared a moratorium on the payment of interest on the country s medium and long term debt obligations continental said it may take similar action on its loans to ecuador which total mln dlrs this would reduce pre tax and after tax net by dlrs in the first quarter and by two mln dlrs for the full year the bank holding company s officers said reuter 
