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 made a calculated strategic move with the acquisition to improve its standing in the global printing market, particularly in Asia and Latin America.

Xerox said it has struck a deal to buy rival, partner and supplier Lexmark for $1.5 billion in a blockbuster print deal.