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News Watch
- 2/9/2010 11:12:11 AM
By Chip Brian, SmarTrend Analytics Team
2/9/2010-Shares of Xerox (NYSE:XRX) are trading 2.2% lower to $8.26 Tuesday after Standard & Poor's downgraded the company to BBB-, just one step above junk, with a stable outlook.
S&P consider the company's purchase of Affiliated Computer Services, "an enhancement to Xerox's existing business profile," but cautions that Xerox "is vulnerable to macroeconomic conditions."
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