S&P: ACCO outlook negative

Standard & Poor's said it revised the outlook on ACCO Brands Corp. to negative from stable and affirmed its B+ corporate credit rating.

"The negative outlook reflects our view that credit measures are weaker than we had expected and that they will likely remain near current levels in the very near-term," S&P analyst Jean C. Stout said in a statement.

Ratings reflect the highly competitive and cyclical operating environment in which it operates, some customer concentration and the company's leveraged financial profile, the agency said.

ACCO benefits from its leading market position, a portfolio of well-known brands and wide geographic distribution, the agency noted.

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