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S&P Places Orbitz Ratings On CreditWatch Negative
Stock quotes in this article:
OWW
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NEW YORK (AP) — Standard & Poor's Ratings Services on Friday placed its ratings on Orbitz Worldwide Inc. on CreditWatch with negative implications.
The Chicago-based travel Web site's "B'' corporate credit rating was among those put on watch.
The placement is based on the company's announcement Thursday that it is seeking and amendment to its $685 million credit agreement that would permit the company to make open market purchases of that debt. ...
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