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.
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