Moody’s Downgrades Xerox Debt to Junk Grade


When it rains, it pours, and in 2018 Xerox got a soaking. There was the plan to merge with Fuji Xerox that fell apart (see “Xerox Gives Up on Fujifilm Deal, Reaches Another Agreement with Deason and Icahn”), which was quickly followed by Fujifilm filing a $1-billion-plus lawsuit against Xerox (see “Fujifilm Sues Xerox for

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