Arrow Electronics Inc, the big Melville, New York distributor, is looking good to Moody’s Investors Service Inc, which says it may raise Arrow’s subordinated debt, currently rated Ba3; affecting $125m of long-term debt. The action is prompted by the company’s improving business outlook and the potential for improved debt protection measurements. Moody’s will assess Arrow’s future growth strategy and evaluate its ability to assimilate acquisitions rapidly and effectively while maintaining steady improvement in margins and debt protection measures.
