S&P raises Intermec

Standard & Poor's said it raised its ratings on Intermec Inc. to BB- from B+.

The upgrade reflects expectations that Intermec will sustain current levels of profitability and leverage, the agency said.

The outlook is stable.

S&P noted that the rating reflects a relatively narrow business profile, competitive market conditions and ongoing product development requirements driven by evolving technology standards, adding that these factors are partly offset by a good market position with a strong patent portfolio and an improving financial profile with leverage at 3.5 times.

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