Moody's lowers Pitney Bowes

Moody's Investors Service said it lowered all of Pitney Bowes, Inc.'s long-term debt ratings, including senior unsecured to Baa2 from Baa1, and affirmed the short-term rating at P-2.

The outlook is stable.

Moody's said the downgrades reflect its concerns that the pervasive secular headwinds in Pitney Bowes' North America and International Mailing segments and a weaker macroeconomic environment could delay the company's turnaround efforts.

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