Fitch raises Unisys

Fitch Ratings said it upgraded the following ratings for Unisys Corp.: issuer default rating to B+ from B; first-lien senior secured notes to BB+/RR1 from BB/RR1; second-lien senior secured notes to BB+/RR1 from BB-/RR2; and senior unsecured notes to B+/RR4 from B-/RR5.

Fitch said it has also revised the outlook to stable from negative.

According to the agency, the upgrades and stable outlook reflect an improved liquidity profile as Unisys reduced and extended its debt maturity schedule in the past year ended June 30, thereby providing the company with the necessary financial flexibility to continue its ongoing business model transformation.

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