Moody’s Ratings said on Tuesday that it is looking at upgrading Xerox’s credit grades, citing the company’s agreement to buy Lexmark International Inc., a step that will ultimately help improve key measures of the company’s debt load and cash flow.

Xerox Holdings has struck a deal for Lexmark International that values the maker of printers and printing software at $1.5 billion, including debt.The detailsAn acquisition of closely held Lexmark was announced Monday,

Office equipment manufacturer Xerox has agreed to buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to expand its presence in Asian markets and better compete in an industry upended by the digital age.