S&P rates Ingram Micro notes BBB-

Standard & Poor's said it assigned a BBB- senior unsecured rating to Ingram Micro Inc.'s $300 million of notes due 2017. The agency also said it affirmed its BBB- corporate credit rating.

The outlook is stable.

The ratings reflect the company's leading market position, diversified customer and geographic base and good financial profile, S&P said.

Relatively thin profitability levels, current weak global technology spending environment and highly competitive industry conditions partially offset these factors, the agency said.

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