This Week
  • Christa and Morgan target a July start for the $7 million East Ave. development.

  • Health care professional Carla D'Angelo's wish is to one day make volunteering her career.

  • Glenn Kellogg opened Hart's Local Grocers two years ago in the East End.

  • Avani Technology Solutions has grown to a predicted $26 million in revenues by the end of this year.

  • What the new fiduciary rule means for financial professionals and their clients.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

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