Home Credit Ratings and Research S&P Global Ratings’ Credit Research Office Depot Inc.

Office Depot Inc. Outlook Changed To Negative; 'BBB-' Corporate Credit Rating Affirmed

Published Nov 20, 2007

About This Report

Abstract:

NEW YORK (Standard&Poor's) Nov. 20, 2007--Standard&Poor's Ratings Services said today it revised its outlook on Office Depot Inc. to negative from stable. At the same time, we affirmed the 'BBB-' corporate credit and senior unsecured ratings. "While the company has good liquidity and is up to date with its financial filing requirements," said Standard&Poor's credit analyst Stella Kapur, "recent operating performance has been weaker than anticipated." Additionally, we anticipate debt leverage will deteriorate to around 3.1x by the end of the year, which will be weak for current ratings.

Report Type:

Ratings Action

Ticker

ODP

Issuer

Office Depot Inc.

GICS

Specialty Stores (25504040)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Office Depot Inc. – 2007/11/27 – US$ 500.00

Summary: Office Depot Inc. – 2007/11/28 – US$ 225.00

Office Depot Inc. 'BBB-' Ratings Placed On Watch Negative On Projected Weak Sales Announcement – 2007/12/14 – US$ 150.00

Research Update: Office Depot 'BBB-' Corporate Credit Rating On Watch Neg After Projected Weak Sales Announced – 2007/12/14 – US$ 225.00

Office Depot 'BBB-' Corporate Credit Rating Remains On Watch Neg After Q4 Results Released – 2008/02/29 – US$ 150.00

Research Update: Office Depot Inc. Outlook Revised To Negative; 'BBB-' Corporate Credit Rating Affirmed – 2007/11/20 – US$ 225.00

Office Depot Inc. 'BBB-' Corporate Credit Rating Affirmed; Outlook Revised To Stable – 2007/07/09 – US$ 150.00

Research Update: Office Depot Inc. Outlook Revised To Stable; 'BBB-' Corporate Credit Rating Affirmed – 2007/07/09 – US$ 225.00

Office Depot Inc. Outlook Revised To Positive And Ratings Affirmed – 2007/01/17 – US$ 150.00

Research Update: Office Depot Inc. Outlook Revised To Positive From Stable; Ratings Affirmed – 2007/01/17 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Office Depot Inc. Outlook Changed To Negative; 'BBB-' Corporate Credit Rating Affirmed" Nov 20, 2007. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Office-Depot-Inc-Outlook-Changed-To-Negative-BBB-Corporate-Credit-Rating-Affirmed-614451>

APA:	S&P Global Ratings’ Credit Research. (). Office Depot Inc. Outlook Changed To Negative; 'BBB-' Corporate Credit Rating Affirmed Nov 20, 2007. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Office-Depot-Inc-Outlook-Changed-To-Negative-BBB-Corporate-Credit-Rating-Affirmed-614451>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.