S&P lifts OfficeMax notes from junk

Standard & Poor's said it raised its rating only on OfficeMax Inc.'s 7% senior notes due 2013 to BBB- from BB.

S&P said the upgrade reflects the addition of collateral and covenants solely for the benefit of holders of this particular notes issue.

All other ratings on the company, including the BB corporate credit rating and senior unsecured debt rating, were affirmed. The outlook is negative.

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