Maytag Debt Rating Lowered

S&P expects that the company will continue to be challenged by the slowdown in demand for home appliances

On July 1, 2003, Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on home appliance manufacturer Maytag Corp. (MYG ) to 'BBB' from 'BBB+'. These ratings have been removed from CreditWatch, where they were placed on Apr. 16, 2003.

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