Fitch lifts Acer to stable

Fitch Ratings said it affirmed Acer Inc.’s long-term foreign- and local-currency issuer default ratings of BB- and national long-term rating at BBB(twn).

The outlook also was revised to stable from negative.

The outlook revision reflects expectations of a slowdown in the pace of decline in global PC demand, stabilization in Acer’s market position and a return to profit, Fitch said.

However, the agency also said it believes that Acer’s profitability remains fragile and it will be a challenge for the company to improve its profitability significantly above breakeven.

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