NEW YORK (Standard&Poor's) Aug. 6, 2002--Standard&Poor's Ratings Services said today that it revised its outlook on office supply company Office Depot Inc. to positive from stable based on the company's stabilized operations. Standard&Poor's also affirmed its triple–'B'-minus corporate credit rating on the company. Delray Beach, Fla.-based Office Depot has about $850 million of rated debt. "We believe Office Depot's stabilized operations and sufficient liquidity provide support for an investment-grade rating," Standard&Poor's credit analyst Patrick Jeffrey said. "If Office Depot continues to improve its performance and to generate significant free cash flow, thus establishing a sufficient track record of improved credit ratios, an upgrade could be considered." Standard&Poor's said the ratings
