Matt Summerville

Justin Ages

Matthew Bryson

Antoine Legault

- S&P Global Ratings has upgraded Diebold Nixdorf, Inc.'s credit rating to **'B+' from 'B'**, maintaining a **stable outlook**.  **[28823_20250919CL77821:0]** 
- The upgrade reflects the company's **strengthened financial profile**, expected **solid cash flow generation**, and **improving debt leverage ratios**.  **[28823_20250919CL77821:0]** 
- S&P anticipates continued **EBITDA and free operating cash flow expansion** driven by cost reduction efforts and working capital efficiencies, with near-term growth supported by hardware refreshes and retail segment expansion.  **[28823_20250919CL77821:0]**

DIEBOLD NIXDORF (DBD)