Credit measures for U.S.-based industrial distributor WESCO International Inc. continue to improve. We are revising our outlook on the company to positive from stable and affirming the 'BB-' corporate credit rating. The positive outlook reflects the possibility of an upgrade over the next 12 months if WESCO's leverage remains commensurate with a higher rating. This would include adjusted debt leverage less than 3.5x and funds flow to debt coverage exceeding 20%. On April 27, 2012, Standard&Poor's Ratings Services revised its outlook on Pittsburgh, Pa.-based WESCO International Inc. to positive from stable. At the same time, we affirmed our ratings, including the 'BB-' corporate credit rating and 'B' issue ratings, on the company and its operating subsidiary. WESCO's credit
