Business News

Xerox Maintains Investment Grade Rating

Monday 15. February 2010 - Following the close of the acquisition of Affiliated Computer Services, Inc., Xerox Corporation (NYSE: XRX) today confirmed that it maintains its investment grade ratings from the credit rating agencies, consistent with the rating agencies' reports from September 2009.

By acquiring ACS, Xerox significantly enhances its financial position. Through multi-year service contracts, Xerox’s recurring revenue will represent 80 percent of total revenue. And, through increased operating margins and revenue growth, Xerox expects to expand earnings by 15 to 20 percent.