Moody's: ACCO view negative

Moody's Investors Service said it revised ACCO Brands Corp.'s outlook to negative following recent earnings guidance revision.

At the same time, all ratings were affirmed, including the Ba3 corporate family rating.

"The change in outlook reflects the sudden shift in revenue and earnings guidance from just a few months ago, which we are concerned may continue," Moody's senior credit officer Kevin Cassidy said in a news release. "The fact that the recently-acquired Mead Business and the Latin America business are performing well helps, but there is increasing risk as both Europe and the United States are showing weakness."

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