Unisys Debt Downgraded: Moody’s Investors Service downgraded...
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From Times Staff and Wire Reports
Unisys Debt Downgraded: Moody’s Investors Service downgraded all debt and preferred stock ratings of the nation’s third-largest computer maker and its Unisys Finance Corp. unit. The rater noted that “Unisys’ prospects for significant, sustainable profit improvements are low, and the company’s weak cash flow and poor fixed-charge coverage are likely to continue over the intermediate term.” About $5.2 billion in securities are affected.
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