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BMC Software Inc. Upgraded To 'BBB+' On Good Operating Performance Jul 10
Standard & Poors, July 2010
Abstract
During the recent IT downturn, U.S. systems management software solutions provider BMC experienced good operating performance, modest leverage, and strong free cash flow generation. We are raising our corporate credit rating on BMC to 'BBB+' from 'BBB'. The stable outlook reflects the company's entrenched customer base, consistent revenue growth, and new product initiatives. NEW YORK (Standard & Poor's) July 22, 2010--Standard & Poor's Ratings Services said today it raised its corporate credit and senior unsecured ratings on Houston-based BMC Software Inc. to 'BBB+' from 'BBB'. The outlook is stable. 'The upgrade reflects BMC's good operating performance during the recent IT downturn, modest leverage, and strong free cash flow generation,' said Standard & Poor's credit analyst Philip Schrank. As of March...
Companies mentioned in this report are: BMC Software Inc.
Action: Outlook: Stable
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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