S&P upgrades j2 Global

Standard & Poor's said it raised the corporate credit and issue-level ratings on j2 Global Inc. to BB from BB-.

The outlook is stable.

The recovery rating on the unsecured notes remains 3, indicating 50% to 70% expected default recovery.

The upgrade reflects the company's improved, but still weak business risk profile following the addition of another segment in 2012, S&P said.

The stable outlook considers the steady and growing revenue base and good cash flow generation, the agency said.

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