Xerox ratings outlook upped to positive; ratings affirmed - S&P |
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Published
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Tue, 30 Jan 2007 21:00
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NEW YORK (AFX) - Standard & Poor's Ratings Services said it has revised its ratings outlook for Xerox Corp to 'positive' from 'stable', while affirming the long-term rating at 'BB+' and the short-term at 'B-1'.'The outlook revision reflects an improved leverage profile and a strengthening revenue mix,' said credit analyst Molly Toll-Reed.S&P noted that Xerox's primary challenge is to demonstrate sustainable long-term revenue growth.newsdesk@afxnews.comgp/abrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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