- also lowering the issue rating on the company's $250M senior notes due 2009 to 'BB' and assigning them a '5' recovery rating

Other headlines for [CVG]

• CVG 1/6/2009 04:06pm
  Convergys Corp CVG and VRSN Selected by Leap for Long-Term Managed Services Agreements- For the implementation and ongoing management of its new billing system. The new BSS/OSS solution will be implemented by more...
  
• CVG 12/15/2008 08:46am
  Convergys Corp Signs extended contract with Orange UK for relationship management solutions- Existing partner Convergys will extend the duration of its customer service support for Orange UK mobile and broadband more...
  
• CVG 11/17/2008 10:15am
  Convergys Corp Signs contract with Brasil Telecom- Has signed a one-year agreement for Convergys' Dynamic Decisioning Solution - Financials not disclosed - Brasil Telecom has more than 8 million fixed lines in more...
  

Technology sector headlines

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• TRIL.UK Today 02:58am
  Thomson Reuters Plc Update: CFO notes that firm expects Quarterly and Annual revenue growth to slow on the back of global financial crisis- Sees professional unit growth to slow throughout 2009 - Have seen drop in more...
  
• 6762.JP Today 02:40am
  TDK Corp Ratings cut by S&P to "A+" from "AA-"- These downgrades reflect deterioration in TDK's financial base due to an increase in its financial burden stemming from the EPCOS acquisition, as well as the more...
  
• ASM.NV Today 02:30am
  ASM International Plans major restructuring, to cut 200 jobs (about 1.6% of total workforce)- Plan involves the transfer from Almere, the Netherlands, of the remaining manufacturing and operational procurement more...