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Article: Office Depot Responds to S&P Ratings Action.
- Article from:
- Business Wire
- Article date:
- April 15, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Office Depot Is Implementing Its Strong Turnaround Plan And Is Committed To Taking Every Step Necessary To Improve The Company's Performance
Office Depot Is Confident That Our Most Recent Fiscal Quarter Ending March 31, 2008 Will Demonstrate Improved Results Over Our Last Fiscal Quarter Ending December 29, 2007
DELRAY BEACH, Fla. -- Office Depot, Inc. (NYSE:ODP), a leading global provider of office products and services, today responded to the decision by Standard & Poor's Ratings Services (S&P) to lower the Company's credit rating from BBB- to BB+. Office Depot said that while it is disappointed with S&P's decision, it continues to press ahead with the ...