Dell Downgraded To Junk By S&P

Dell Inc. (NASDAQ:DELL) bonds have been downgraded to a junk rating by Standard & Poors’. The news comes just one day before a meeting that will see shareholders vote on a debt fueled deal that would see the company privatized. News from Bloomberg earlier today indicated that the shareholder vote would likely approve the buyout deal.

The news about the downgrade to junk was also broken by Bloomberg earlier. The junk rating means that it will be more expensive for the company to raise debt, and that could be a bad omen as the company heads...