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Unisys Unravels on Moody's 'Bottom Rung' Report

SAN FRANCISCO -- As low as they already are, shares of Unisys (UIS - Get Report) 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 - Get Report) Investors Service is expected to publish the "Bottom Rung," which includes 283 companies, or roughly the riskiest 15% of companies that Moody's tracks.

Not surprisingly, the prominent names on the list includes automakers General Motors (GM - Get Report) and Chrysler, as well as casino player MGM Mirage (MGM - Get Report).

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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GM $35.35 -1.20%
MCO $106.41 -0.87%
MGM $21.89 -0.14%
UIS $21.99 0.73%
AAPL $130.95 -1.30%


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S&P 500 2,098.79 -10.13 -0.48%
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