EDS Credit Ratings Lowered

S&P says the downgrade reflects the technology-services giant's weak operational performance

On April 5, 2004, Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured ratings on Plano, Texas-based Electronic Data Systems (EDS ) to 'BBB-' from 'BBB', affirmed its 'A-3' commercial paper rating, and removed the company from CreditWatch, where it was placed on February 5, 2004. The outlook is negative.

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