S&P lifts Global Imaging view to positive

Standard & Poor's said it affirmed its BB- corporate credit rating on Global Imaging Systems Inc. and revised its outlook on the company to positive from stable.

S&P rates the company's senior secured debt at BB- and subordinated debt at B.

The outlook revision reflects the company's consistent operating performance and a good financial profile for the rating, the agency said.

S&P said the ratings on Global Imaging reflect a second-tier industry position in the mature and highly competitive office equipment distribution market, and acquisitive growth strategy. These factors partly are offset by Global's consistent financial performance and a growing base of recurring service revenues.

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