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Published on 11/28/2018 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P rates CDW BB+

S&P said it assigned a BB+ issuer credit rating to CDW Corp.

The outlook is stable.

“The rating reflects CDW's position as a leading IT reseller in North America, its broad product portfolio and deep domain expertise, and good operating performance, with leverage of 2.4x as of Sept. 30, 2018,” the agency said in a news release.

“Partially offsetting these strengths is its highly fragmented and competitive industry and exposure to cyclical IT spending from its small and midsize customers.”


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