Moody's cut Hewlett-Packard's rating today, topping a day marked by a rash of critical articles about the Silicon Valley giant.
Moody's Investor Services cut HP's long-term credit rating to Baa1, three levels above junk, from A3, according to Bloomberg. The rating agency said that HP's "credit profile will remain weaker than previously expected over the intermediate term," among other reasons.
This comes in the wake of an $8.8 billion writedown related to alleged fraudulent accounting at Autonomy, the software company HP acquired last year.
And HP's core businesses aren't faring … Read more