S&P ups Wesco to positive

Standard & Poor's said it revised its outlook on Wesco International Inc. to positive from stable.

At the same time, the agency said it affirmed its ratings, including the BB- corporate credit rating and B issue ratings, on the company and its operating subsidiary.

"Wesco currently operates at the low end of its leverage target, and the company's debt capacity has become significant," said S&P credit analyst Gregoire Buet in a news release. "We expect that the company will use its debt capacity to fund growth, but its reliable cash flow generation allows for debt reduction after an acquisition."

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