Global supplier recognised for ‘well-recognised’ brands.

 

Global office supplies and consumer goods supplier ACCO Brands Corporation has been given an upbeat periodic report by financial ratings agency Moody’s.

 

Moody’s said ACCO's credit profile reflects its “good scale, well-recognised brands, and good geographic and product diversification across office, school, and consumer electronic segments.” 

 

The Illinois-based company also has “good free cash flow and liquidity”, according to the ratings agency. 

 

Moody's considers ACCO's “high relevance” to its largest customers as positive because it is one of only a few global suppliers of office products. 

 

The company's credit profile is negatively impacted by school and office disruptions caused by the global pandemic, the mature nature of office and school supply product demand, and elevated financial leverage resulting from acquisitions and weaker end-market performance.