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Prospect News home > News index > List of issuers U > Headlines for Unisys Corp. > News item
Published on 1/29/2009 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch drops Unisys to CCC

Fitch Ratings said it downgraded Unisys Corp.'s issuer default rating to CCC from BB-, secured credit facility to B+/RR1 from BB+ and senior unsecured debt to CCC/RR4 from BB-, and removed them from Rating Watch negative.

The outlook is negative.

Ratings reflect expectations for significant negative free cash flow in 2009 due to the deteriorating macroeconomic environment, weak liquidity profile and strong possibility of further restructuring, the agency said.


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