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S&P: CompuCom view stable
Standard & Poor's said it affirmed its B+ corporate credit rating on CompuCom Systems Inc. and revised the outlook to stable from negative.
"The outlook revision reflects our expectation that growth in service revenues and backlog will support consistent profitability and cash flow," said S&P credit analyst Martha Toll-Reed in a news release, "and that CompuCom will maintain adequate covenant headroom under its leverage coverage requirement."
S&P said the ratings reflect its expectation that an improving business mix of higher margin services revenues will continue to support the current rating, despite highly competitive market conditions and the company's "leveraged" financial profile.
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