Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ACCO Brands Corp. > News item |
Fitch affirms ACCO Brands
Fitch Ratings said it affirmed ACCO Brands Corp.’s long-term issuer default rating at BB.
The outlook is stable.
“Fitch's ratings on ACCO are predicated on the company's stable free cash flow and ongoing debt paydown, but constrained by concerns regarding secular challenges and channel shifts within the company's merchandise mix as well as the risk of further debt-financed acquisitions,” the agency said in a news release.
“While ACCO benefits from its market-leading position, the company has not been immune to industry challenges.”
© 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.