Standard & Poor's Revises Outlook for PSS World Medical, Inc. to Positive from Stable (Business...

Friday October 10, 4:05 pm ET NEW YORK--(BUSINESS WIRE)--Standard & Poor’s Ratings Services revised its outlook on Jacksonville, Fla.-based PSS World Medical Inc. (NASDAQ GS: PSSI) to positive from stable. At the same time, Standard & Poor’s affirmed its ratings on PSS, including the ‘BB’ corporate credit rating. The outlook revision reflects PSS’ solid operating performance and our growing comfort that the company will maintain its less aggressive financial risk profile. The ‘BB’ rating on PSS reflects the company’s narrow operating focus as a niche distributor of medical products to alternate-site health care providers, the potential negative impact of the U.S. economy on its customers, and the potential for a more aggressive share repurchase or acquisition strategy. Partially offsetting these concerns are PSS’ leading... [read full story]