*NEWS*XEROX CREDIT RATING AFFIRMED

  • 4toner4
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • facebook-tonernews-12-08-2016
  • 2toner1-2
  • futor_902x177v7-tonernew
  • big-banner-ad_2-sean
  • 536716a_green_sweep_web_banner_902x17712
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • Print
  • toner-news-big-banner-nov-8
  • 161213_banner_futorag_902x177px
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
Share

*NEWS*XEROX CREDIT RATING AFFIRMED

 user 2005-05-05 at 9:57:00 am Views: 87
  • #9247
    Xerox credit rating affirmed

    MAI, 2005

        Standard & Poor’s Rating Services says its outlook on
    Xerox Corp. is positive, but is keeping the company’s bond ratings below
    investment grade.
        The rating
    agency this week affirmed a ‘BB-’ corporate credit rating on Xerox but revised
    its outlook to positive.
       
    Standard & Poor’s said it expects Xerox to have consistent
    profitability and cash flow in the near term and to have sufficient cash on hand
    to meet short-term debt obligations.
       
    Xerox chief financial officer Lawrence Zimmerman said last week that
    Xerox had some $3.2 billion in cash and expected its cash position to improve.
    Zimmerman also reported good first-quarter cash flow with operations generating
    more than $200 million.
       
    Standard and Poor’s said it expects Xerox to improve its debt profile by
    paying off obligations early.