Unisys: Computer Solutions and Services Worldwide Message Board

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Technology Stocks : Unisys: Computer Solutions and Services Worldwide

UIS 2.780

-1.9%

3:59 PM EST

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To: Dinesh who wrote (2417)	8/16/1999 11:35:00 AM
From: PCSS	Read Replies (1) of 2818

Though today's GS research report info would be interesting: UNISYS (UIS) In a particularly important milestone for UIS, Duff & Phelps Credit Rating Co. (DCR) raised its rating on UIS debt to investment. UIS' debt had not been rated as investment grade since 10/90. The upgrade was largely expected and a result of the company's reduction of debt by $2B over the past two years. The S&P and Moody's still rate UIS' debt one level below investment grade, although we would expect upgrades over time. We expect the company to begin refinancing the remaining $1B in straight debt beginning next April, and the newly-achieved investment grade status should help dramatically reduce overall debt service. Michael

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