- Language: English
- 1091 Pages
- Published: October 2012
- Region: World
Summary: Adobe Systems Inc. Aug 11
- Published: August 2011
- Standard & Poors
The investment-grade corporate credit rating on San Jose, Calif.-based Adobe Systems Inc. reflects the company's satisfactory business position, successful track record of integrating acquired operations, and modest leverage. Its defensible market positions and adequate financial flexibility to support growth initiatives temper its niche product focus and moderate acquisition strategy. With revenues in fiscal 2010 (ended November) of about $3.8 billion, Adobe is a leading provider of Web and multimedia content and publishing software. The company has a number of market-leading products, including Adobe Acrobat, Flash Player, and Photoshop. It generates strong free cash flow in the $1 billion area and more than half of its sales come from international sources. Adobe's rating incorporates Standard & Poor's Ratings Services' expectation that...
Companies mentioned in this report are: Adobe Systems Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Adobe Systems Inc.
|Electronic||The report will be emailed to you.|