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S&P lifts Xerox Capital certificates BB
Standard & Poor's said it raised its rating on the $27.0 million corporate-backed trust securities certificates issued by CorTS Trust for Xerox Capital Trust I to BB from B+ and removed it from CreditWatch, where it was placed with positive implications on April 5.
The agency said that the rating action reflects the May 10 raising of the rating on the underlying securities, the $27 million 8% series B capital securities due Feb. 1, 2027, issued by Xerox Capital Trust I and its removal from CreditWatch positive.
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