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EDS' debt rating comes under fire.

Knight Ridder/Tribune Business News, November, 2004

By Crayton Harrison, The Dallas Morning News Knight Ridder/Tribune Business News

Nov. 5--Electronic Data Systems Corp. could face another debt downgrade to junk status if it doesn't file its third-quarter earnings report soon.

Fitch Ratings put Plano-based EDS on negative credit watch Thursday, saying the computer services company should resolve its accounting questions and file a quarterly update as quickly as possible. EDS said it would comply.

"We expect to satisfy Fitch's terms and look forward to being taken off of watch and maintaining our investment grade rating," EDS spokesman Jeff Baum said.

Fitch rates EDS' long-term debt at a notch above junk status. If it lowered its rating to junk, it would be the second agency to...

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