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Fitch affirms ACCO Brands
Fitch Ratings said it affirmed ACCO Brands Corp.’s long-term issuer default rating at BB.
The outlook is stable.
“Fitch's ratings on ACCO are predicated on the company's stable free cash flow and ongoing debt paydown, but constrained by concerns regarding secular challenges and channel shifts within the company's merchandise mix as well as the risk of further debt-financed acquisitions,” the agency said in a news release.
“While ACCO benefits from its market-leading position, the company has not been immune to industry challenges.”
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