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Prospect News home > News index > List of issuers U > Headlines for Unisys Corp. > News item
Published on 4/30/2009 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch downgrades Unisys

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

Fitch said the downgrades reflect its belief that Unisys' debt exchange offer for up to $375 million of new senior secured debt constitutes a coercive debt exchange.


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