Solutions to Einstein's field equations describing rotating fluid bodies in equilibrium permit parametric (i.e. quasi-stationary) transitions to the extreme Kerr solution (outside the horizon). This has been shown analytically for discs of dust and numerically for ring solutions with various equations of state. From the exterior point of view, this transition can be interpreted as a (quasi) black hole limit. All gravitational multipole moments assume precisely the values of an extremal Kerr black hole in the limit. In the present paper, the way in which the black hole limit is approached is investigated in more detail by means of a parametric Taylor series expansion of the exact solution describing a rigidly rotating disc of dust. Combined with numerical calculations for ring solutions our results indicate an interesting universal behaviour of the multipole moments near the black hole limit.Comment: 18 pages, 4 figures; Dedicated to Gernot Neugebauer on the occasion of his 70th birthda

It is shown numerically that strange matter rings permit a continuous transition to the extreme Kerr black hole. The multipoles as defined by Geroch and Hansen are studied and suggest a universal behaviour for bodies approaching the extreme Kerr solution parametrically. The appearance of a 'throat region', a distinctive feature of the extreme Kerr spacetime, is observed. With regard to stability, we verify for a large class of rings, that a particle sitting on the surface of the ring never has enough energy to escape to infinity along a geodesic.