Following News of a Crummy FY 2021, Moody’s Downgrades Xerox Debt

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On February 17, Moody’s Investors Service announced it has downgraded its Corporate Family Rating (CFR) of Xerox Holdings Corporation. The news follows word from Xerox last month that its 2021 fiscal year turned out to be much worse than anyone had expected and the firm’s revenue and profits shrank (see “Xerox Takes Huge Goodwill Impairment Resulting

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