S&P affirms Wesco International

Standard & Poor’s said it affirmed its BB corporate credit ratings on Wesco International Inc. and its wholly owned subsidiary Wesco Distribution Inc.

The outlook is stable.

At the same time, S&P affirmed all of its issue-level ratings on Wesco International Inc. and its subsidiaries Wesco Distribution Inc. and WDCC Enterprises Inc. The recovery ratings on the debt remain unchanged.

“Our affirmation on Wesco reflects our expectation that the cost-reduction initiatives the company implemented in response to the weakness in some of its industrial and construction end markets and the headwinds from a stronger dollar will partially offset the declines in its organic revenue in 2015,” S&P said in a news release.

“We believe that the company will use most of its free cash flow to fund acquisitions and return cash to its shareholders while still maintaining credit measures that support our rating.”

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