The dynamics of predissociating high molecular Rydberg states of NO below t
he lowest ionization threshold is computed in the presence of a weak extern
al dc field using a quantum theory based on an effective Hamiltonian formal
ism. The core-electron interaction affecting the low l states (l less than
or equal to 2) is taken into account by molecular quantum defect theory, wh
ile for the high l states (l greater than or equal to 2), a long range mult
ipolar expansion is used to describe the effect of the anisotropy of the mo
lecular core. Time- and frequency-resolved ZEKE spectra are computed. In th
e energy range investigated, the decay kinetics of the ZEKE intensity is fo
und to exhibit two time scales, which differ by more than an order of magni
tude. The short decay constant typically falls in the submicrosecond range
and is in agreement with previous experimental results and computations. In
addition, our computations predict a long-time component, which decays in
the tens of microseconds range. The two decay times are discussed in terms
of the short and long range interseries dynamics, in terms of the strength
of the external dc field, and in terms of the nature of the bottlenecks in
phase space for a predissociating molecular core with a rather large rotati
onal constant (BNO+ = 1.9842 cm(-1)). It is found that for this particular
case where all series are coupled to the fragmentation channels through a l
ow l bottleneck, the predissociation process does not quench the long time
component in the decay kinetics. The reason is that the interplay between t
he interseries coupling and the external dc field leads to a shift of the d
ecay constants to larger values together with an enhancement of the weight
of the long time component in the decay kinetics. Special attention is devo
ted to the role of the dipolar interaction and its synergy with the externa
l dc field.