Fitch rates Pitney Bowes A-

Fitch Ratings said it has assigned first-time issuer default ratings and debt ratings to Pitney Bowes Inc. and its subsidiary, Pitney Bowes International Holdings, as follows:

• Pitney Bowes with long-term issuer default rating A-; senior unsecured revolving credit facility A-; senior unsecured term loan at A-; senior unsecured notes A-; short-term issuer default rating F2; and commercial paper F2; and

• Pitney Bowes International's long-term issuer default rating A-; and preferred stock BBB+.

The outlook is stable.

The agency added that Pitney Bowes' ratings are supported by the company's significant and entrenched market position in the core U.S. Mailing business, characterized by about 80% share of the postage meter market and limited competitive pressures.

© 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.