S&P cuts HP credit rating on lack of strategy, management turnover

. Credit rating agency Standard & Poor's downgraded Hewlett-Packard's credit rating earlier this week, citing poor policies, a high turnover rate among top executives and an unclear strategy. HP's local and foreign long-term debt ratings now sit at BBB+, down from A, making it more expensive for the company to borrow money.

Boy Genius Report, S&P cuts HP credit rating on lack of strategy, management turnover