S&P upgrades Wesco

Standard & Poor's said it raised its corporate credit rating on Wesco Distribution Inc. to BB- from B+ and its subordinated debt rating to B from B- and removed the ratings from CreditWatch, where they were placed on Dec. 9.

The outlook is positive.

S&P said the speculative-grade ratings on Wesco reflect its above-average business risk profile as a leading distributor of electrical construction products; maintenance, repair and operating supplies; and integrated supply and outsourcing services; its improved, albeit below average, financial policies and profile, and its sufficient liquidity for the current ratings.

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