NEW YORK-A bright spot for Brightpoint Inc., the Indianapolis-based wireless products distributor, has come from Standard & Poor’s Corp., which revised to stable from negative its outlook on the company’s $10 million in outstanding debt.
“The outlook revision reflects the company’s improved profitability and financial profile,” said Martha Toll-Reed, an analyst for the rating agency.
“The stable outlook reflects an improved capital structure, and Standard & Poor’s expectation that Brightpoint will maintain operating profitability.”
S&P also affirmed the speculative-grade rating of B it has assigned to Brightpoint.
