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El Paso Veers Off the Wise Course
Updated from 1:11 p.m. EST
El Paso (EP Quote) weathered a fresh blow on its first day under the leadership of a lame duck CEO.
Following similar action by Standard & Poor's last week, Moody's slashed El Paso's credit rating five notches to a category known for defaults. Moody's has assigned El Paso a Caa1 credit rating, the fifth-lowest possible, and warned Tuesday that the company's outlook remains negative. ...
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