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Miscellaneous

First Data Debt Downgraded to Junk

SEP 17, 2007 7:22pm ET

WALL STREET – Fitch Ratings downgraded First Data Corp.’s long-term debt to junk status, citing expectations the company’s debt load will be increased substantially after the pending $27 billion buyout of the payments giant by Kohlberg Kravis Roberts & Co.

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