Moody's: OfficeMax view stable

Moody's Investors Service said it changed the outlook of OfficeMax, Inc. to stable from negative, upgraded the speculative grade liquidity rating to SGL-1 from SGL-2, and affirmed the B1 corporate family and probability of default ratings.

Moody's said the change in outlook to stable reflects its belief that the company's operating performance, driven by management's new strategic plan, is likely to improve, though the short-term positive impact on credit metrics is likely to be modest.

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