EDS Credit Rating Lowered

S&P cites weak operational performance in each of the tech services giant's major lines of business

On June 20, 2003, Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured ratings on Electronic Data Systems (EDS ) to 'BBB' from 'A-', lowered its short-term and commercial paper ratings to 'A-3' from 'A-2', and removed the ratings from CreditWatch where they were placed on May 8, 2003. The outlook is negative.

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