S&P cuts Office Depot rating to 'BB+' on performance

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    S&P cuts Office Depot rating to 'BB+' on performance

    "The ratings downgrade is based on the decline in operating performance in both the North America Retail and Business Solutions segments,and expectations that challenging economic trends will continue to pressure performance in fiscal 2008"
    Standard & Poor's said Tuesday it cut its corporate credit rating on Office Depot Inc. via Market Watch


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