Fitch affirms HP

Fitch Ratings said it affirmed the long-term and short-term ratings for HP, Inc. at BBB+ and F2 with a stable outlook.

“The affirmation and stable outlook reflect HP's continued operating performance momentum, which has seen sustained revenue growth in secularly challenged markets in light of market share gains and improved mix,” the agency said in a news release.

“Near-term pressures may temper FY19 results, particularly FX, competition from Asian OEMs, tariffs, and component shortages.”

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