SAN FRANCISCO -- As low as they already are, shares of
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.
Wall Street Journal
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
, as well as casino player
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.