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,

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.

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.