Adecco, a Swiss temporary staffing group, will not lose its coveted investment-grade rating on the back of its fully debt-funded acquisition of German rival Deutscher Industrie Service. Adecco is rated one notch above junk by Moody's Investors Service and Standard & Poor's but the rating agencies said they would not cut Adecco's ratings on the €636m ($772m) deal last week.
Markit signs bond alliance