... International Inc.'s operating performance was solid in the first quarter of 2021, as most of its end markets continued to show signs of recovery. The company generated good free cash flow and increased its 2021 and 2022 realized synergy targets. - While WESCO's adjusted debt leverage remains high following the largely debt-financed Anixter merger completed in June 2020, we believe the company is on track to grow its earnings and reduce its net debt, such that its S&P Global Ratings' adjusted debt to EBITDA drops to below 5x within the next four quarters. - Therefore, we affirmed all our ratings, including our '##-' issuer credit rating on WESCO International and its subsidiary WESCO Distribution Inc., and revised the rating outlook to positive from stable. - The positive outlook reflects the potential for an upgrade if WESCO continues its performance momentum and generates solid free cash flow, enabling it to reduce its S&P Global Ratings'...
