S&P Global Ratings affirmed Diebold Nixdorf Inc.'s issue rating at B- on the senior secured debt and issue rating of CCC+ on the senior unsecured debt.
The outlook was revised to stable from negative, which reflects the rating agency's expectation for improved liquidity in the future and "strengthening" credit metrics as Diebold Nixdorf continues executing on its DN Now initiative.
The rating agency believes that the company has made good progress with cost reductions and has improved prospects.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.