This Week
  • Wright Beverage Distributing has expanded again with an acquisition.

  • Employee Relations Associates has expanded services, reach.

  • Patience helped Joseph Morelle rise in the ranks to state Assembly majority leader.

  • Owners of nearby businesses welcome UR’s College Town development.

  • Shaina Sidoti's firm makes nutritious dishes that have helped her heal.

  • Area exporters starting 2014 with a sense of momentum.

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