S&P Cuts Moto's Rating to Junk

Just when many investors thought that situation at Motorola couldn't get any worse, it has: On Dec. 5, Standard & Poor's (which is, just like BusinessWeek.com, a division of McGraw-Hill Cos.) cut the handset and infrastructure maker's rating to junk. Earlier this week, rating agency Moody's warned it may cut Motorola's rating as well.

Just when many investors thought that situation at Motorola couldn’t get any worse, it has: On Dec. 5, Standard & Poor’s (which is, just like BusinessWeek.com, a division of McGraw-Hill Cos.) cut the handset and infrastructure maker’s rating to junk. Earlier this week, rating agency Moody’s warned it may cut Motorola’s rating as well.

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