Digital Equipment Corp’s outlook has not deteriorated any further, Standard & Poor’s Corp reckons: it has affirmed its triple-B-plus senior debt and A-2 commercial paper ratings on the company’s $1,000m or so of debt, but the outlook remains negative, it said. The ratings reflect the company’s good overall market position, a relatively stable and profitable service revenue base representing about half of sales, and a still strong capital structure. However, the ratings also reflect continuing losses through the first half of its fiscal 1994 and greater uncertainty regarding the company’s future performance, it said.
