S&P lowers Sun's credit rating due to low profitability
C|Net | at | by Mike
Standard & Poore's lowered its credit rating of Sun Microsystems from BBB to BB+, the rating and risk evaluation company said Friday. "The downgrade reflects weak and inconsistent profitability and our expectation that Sun will be challenged to profitably expand its market presence," credit analyst Martha Toll-Reed said in a statement. Sun makes powerful networked computers called servers but is diversifying with new lower-end models and with software and services.