This Week
  • Wilmorite hopes soon to win approval for $425M casino in Seneca County.

  • For startup companies, legal and accounting missteps can prove costly.

  • Architect David Hanlon has worked with some of the area's leading developers.

  • ID Signsystems Inc. has grown from a local company into an international business.

  • Robert Linton guides Jazz 90.1 through a new era in media.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

Moody's, Fitch raise their outlooks for Xerox

Rochester Business Journal
November 10, 2010

Shares of Xerox Corp. mid-afternoon were down slightly despite two ratings boosts issued Wednesday by Moody’s Investors Service Inc. and Fitch Ratings Inc.

The company’s stock (NYSE: XRX) was trading midday at $11.60, down 1.4 percent from Tuesday’s close of $11.76.

Moody's increased its outlook for Xerox to "positive" from "stable", saying it expects Xerox to generate solid and consistent cash flow. Fitch increased its outlook for the company to "stable" from "negative," citing factors including its debt reduction, improving credit and growing equipment revenue and services.

Xerox employs roughly 6,800 local workers. 
 
(c) 2010 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 

 
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google