S&P lifts CDW, debt

Standard & Poor's said it raised its corporate credit rating on CDW LLC to B+ from B.

In addition, the agency said it raised the senior secured debt rating to B+ from B and raised the senior unsecured debt rating to B- from CCC+. The recovery ratings on the senior secured and senior unsecured debt remain unchanged, at 3 and 6, respectively.

The outlook is stable.

S&P said the rating action reflects a revision of the assessment of CDW's financial risk profile to aggressive from highly leveraged. The agency said it believes the company's consistent EBITDA margins, along with debt reductions over the past year, will support its improved financial profile, despite highly competitive industry conditions and a challenging economic environment.

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