What is the expression again? Something along the lines of "oh, how the mighty have fallen" or some such.
The downgrade to Baa3 from Baa2 follows a one-notch cut by Moody's in October, which also said its outlook on the firm remained negative. Another cut would lower its rating to junk, forcing some funds to offload its debt and curtailing the company's ability to raise money in credit markets.
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