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Moody's could up ACCO
Moody's Investors Service said it placed the ratings for ACCO Brands Corp. on review for possible upgrade following the announcement that ACCO plans to merge MeadWestvaco Corp.'s Consumer & Office Products business into ACCO Brands in a transaction valued at about $860 million.
MeadWestvaco is rated Ba1 with a positive outlook.
The ACCO ratings put on review include the corporate family rating at B2, probability of default rating at B2, senior secured notes at B1 and senior subordinated notes at Caa1.
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