Moody’s Ratings said on Tuesday that it is looking at upgrading Xerox’s credit grades, citing the company’s agreement to buy Lexmark International Inc., a step that will ultimately help improve key measures of the company’s debt load and cash flow.

An acquisition of closely held Lexmark was announced Monday, confirming an earlier report from The Wall Street Journal. Xerox’s takeover of the business would bring

Xerox Holdings Corp. today announced plans to buy Lexmark International Inc., one of its main competitors in the printer market, for $1.53 billion. The company plans to finance the deal with a combination of cash and debt financing. It’s buying Lexmark from Ninestar Corp., PAG Asia Capital and Shanghai Shouda Investment Centre.

Xerox's acquisition of Lexmark for $1.5B aims to enhance market position and potential for APAC expansion despite current financial struggles. Read my XRX analysis.

Xerox Holdings Corporation announced Monday it would acquire the Lexington-based Lexmark International in a deal worth $1.5 billion. Lexmark is a Lexington-based manufacturer of laser printers and imaging products. The company has operated since March 1991.

Xerox has announced its acquisition of Lexmark for $1.5 billion, aiming to enhance its print portfolio and expand its global reach.

President-elect Trump’s incoming press secretary Karoline Leavitt said Trump’s Day 1 executive orders may tackle Title 42. Leavitt joined Fox News’s “Sunday Morning Futures,” where she outlined what can be expected from Trump’s first day in office next month. “He will use the power of his pen to deliver on many of the promises he…