Moody's affirms Arrow Electronics

Moody's Investors Service said it affirmed Arrow Electronics Inc.'s existing senior long-term debt ratings and changed the outlook to stable from positive.

According to the agency, the following ratings were affirmed: senior unsecured notes with various maturities at Baa3 and shelf registration for senior unsecured, subordinated and preferred stock at provisional Baa3, provisional Ba1 and provisional Ba2, respectively.

The outlook change to stable reflects weaker-than-expected operating cash flows and credit protection measures that are likely to remain below prior year levels in the softening macro-environment, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.