X

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.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
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.