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Technology / AI and automation

CREDIT RATINGS

Ceridian Corp, Minneapolis computer services rump of the old Control Data Corp, is in line for a credit ratings upgrading from Standard & Poor’s Corp which said it may raise Ceridian’s single-B rating on about $220m of preferred stock. The action reflects improvements in profitability measures, a strengthened capital structure and expectations of continued progress in bolstering operating margins in its key operating units, the rating agency said.

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