SAN FRANCISCO -- As low as they already are, shares of Unisys (UIS) ticked another step closer to zero following a report that the company was to wind up on a new list of firms most likely to default on their debt.
As the Wall Street Journal reported Tuesday, Moody's (MCO) Investors Service is expected to publish the "Bottom Rung," which includes 283 companies, or roughly the riskiest 15% of companies that Moody's tracks.
Unisys shares were down 3 cents to 30 cents. The tech services firm's stock has fallen throughout the past six months as the company looks to slash costs after several consecutive quarters of red ink.
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