S&P shifts Electronics For Imaging view to negative

S&P said it revised the outlook for Electronics For Imaging Inc. to negative from positive, citing the macroeconomic effect of the Covid-19 pandemic. S&P affirmed the company’s B- rating.

The large capital requirement of the company's digital inkjet printers make it vulnerable in an economic downturn. Electronics for Imaging’s digital inkjet printers cost ranges from the hundreds of thousands of dollars to the low-million dollar area, which would be a significant investment for any company considering its products. “Given the economic downturn from the impact of Covid-19, we expect that companies will cut investment spending as they see weaker customer demand,” S&P said in a press release.

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