Moody's affirms ACCO Brands' Ba3 CFR; changes outlook to negative
Moody's Investors Service ("Moody's") affirmed ACCO Brands Corporation's ("ACCO" or "ACCO Brands") Ba3 Corporate Family Rating ("CFR") and Ba3-PD Probability of Default Rating ("PDR"). At the same time, Moody's affirmed the company's senior unsecured notes due 2029 at B1; the speculative grade liqui...ACCO Brands is a designer, marketer and manufacturer of consumer and end-user brands used in businesses, schools, and homes. The company's brands include AT-A-GLANCE?, Barrilito?, Derwent?, Esselte?, Five Star?, GBC?, Hilroy?, Kensington?, Leitz?, Marbig?, Mead?, NOBO?, Quartet?, Rapid?, Rexel?, Swingline?, Tilibra? and Wilson Jones?. The company's product categories include school products; storage and organization; laminating, binding and shredding machines and related consumable supplies; calendars; stapling and punching; whiteboards; computer accessories; and do-it-yourself tools, among others. The company's segments are: ACCO Brands North America, ACCO Brands EMEA and ACCO Brands International.
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