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S&P cuts Baan credit rating

Standard & Poor's today placed business management software provider Baan on credit watch with "negative implications," for its double-B long-term corporate credit and single-B plus subordinated debt. The action follows Baan's poor third quarter results, S&P said.

Standard & Poor's today placed business management software provider Baan on credit watch with "negative implications," for its double-B long-term corporate credit and single-B plus subordinated debt. The action follows Baan's poor third quarter results, S&P said.