McDonald's stock inches lower following downgrade

September 28, 2007

Source

McDonald's Corp. shares dipped lower Thursday after Moody's Investors Service downgraded its ratings, citing the fast-food chain's adoption of a more aggressive financial strategy.

Shares fell 24 cents to $54.56 in Thursday trading.

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McDonald's is the leading global foodservice retailer with more than 34,000 local restaurants serving nearly 69 million people in more than 118 countries each day.

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