Moody's keeps Anixter's ratings under review for downgrade following announced merger agreement with WESCO
Announcement: Moody's keeps Anixter's ratings under review for downgrade following announced merger agreement with WESCO. Global Credit Research- 14 Jan 2020. New York, January 14, 2020-- Moody's Investors Service, has maintained Anixter Inc.' s ratings under review for downgrade following the planned merger with WESCO International, Inc..Anixter International is engaged in the distribution of network and security solutions, electrical and electronic solutions, and utility power solutions through Anixter Inc. and its subsidiaries. The Network and Security Solutions segment supplies products and customized supply chain solutions. The Electrical and Electronic Solutions segment supplies wire and cable, control, lighting and electrical bulk products and customized supply chain solutions. The Utility Power Solutions segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing.
WESCO International is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government markets. The company is a provider of electrical, industrial, and communications maintenance, repair and operating and original equipment manufacturers products, construction materials, and supply chain management and logistics services. The company's primary product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors.
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