S&P: ACCO outlook stable

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

The outlook revision reflects the agency's view that the company's improving operating performance will be maintained in the near term and that credit measures will remain close to current levels and then improve over time.

S&P said the ratings on ACCO reflect the highly competitive and cyclical operating conditions in which the company operates, some customer concentration and its leveraged financial profile.

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

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