Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch - S&P Global Ratings’ Credit Research

Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch

Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch - S&P Global Ratings’ Credit Research
Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch
Published Aug 12, 2013
Published Aug 12, 2013
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Abstract:

Pittsburgh, Pa.-based industrial distributor WESCO International Inc.'s (WESCO's) credit measures are gradually improving as the company reduces debt after a large acquisition last year, and we expect this trend to continue. We are raising our corporate credit ratings on WESCO and its wholly owned subsidiary WESCO Distribution Inc. to 'BB' from 'BB-'. We are also raising our issue-level ratings on WESCO Distribution's and its subsidiary WDCC Enterprise Inc.'s senior secured term loans to 'BB-' from 'B+' and the issue-level rating on WESCO's senior unsecured notes to 'B+' from 'B'. The recovery ratings remains unchanged. The stable outlook reflects our expectation that management will pursue future acquisitions in a manner that is consistent with both its stated financial policies and our

  
Report Type:

Research Update

Ticker
Issuer
GICS
Trading Companies & Distributors (20107010)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch" Aug 12, 2013. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-WESCO-International-Inc-And-Subsidiary-Upgraded-To-BB-Outlook-Stable-Issue-Ratings-Raised-One-Notch-1177309>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: WESCO International Inc. And Subsidiary Upgraded To 'BB'; Outlook Stable; Issue Ratings Raised One Notch Aug 12, 2013. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-WESCO-International-Inc-And-Subsidiary-Upgraded-To-BB-Outlook-Stable-Issue-Ratings-Raised-One-Notch-1177309>
  
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