New York, September 23, 2014 -- Moody's Investors Service, ("Moody's") affirmed Tech Data Corp.'s Baa3 senior unsecured rating and changed the rating outlook to stable from negative. The change in the outlook was prompted by the company's improving operating performance following a series of operational missteps from 2012 to 2013. Moody's estimates that Tech Data's adjusted debt/EBITDA leverage will decrease to 1.8x times by fiscal year-end 2015 from 2.3x at fiscal year-end 2013, mostly driven by EBITDA expansion.

Vollständigen Artikel bei Moodys lesen