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Zenith debt downgraded: Standard & Poor`s Corp. lowered the ratings on Zenith Electronics Corp.`s senior debt to B- from B+ and on its subordinated debt to CCC from B-, affecting about $150 million of debt. The rating agency cited prospects for continued losses by the Glenview firm in the color television market, significant investment in new technologies and uncertainty created by a threatened proxy fight by Zenith`s largest shareholder, Nycor Inc.
