S&P: Intcomex view stable

Standard & Poor's said it revised the outlook on Intcomex Inc. to stable from positive, following recent weakness in operating performance. The B corporate credit and B- senior secured debt ratings were affirmed.

Ratings reflect the company's position as a second-tier distributor of IT products to the Latin American and Caribbean markets, modest historical earnings and cash flow from operations, earnings exposure to more volatile end-market economic conditions and a leveraged balance sheet, the agency said.

Total debt-to-EBITDA ratio as of September was about 6x, up from 4.2x in the year earlier period.

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