S&P cuts Salesforce to ’A’ on rising acquisition debt and buybacks
In short
S&P has officially lowered its credit rating for Salesforce to 'A'. The ratings agency adjusted the company's standing to reflect its current balance sheet structure. This adjustment provides an updated baseline for investors tracking the enterprise software giant's credit profile.
Key points
- Salesforce now holds a revised 'A' rating from credit agency S&P.: Salesforce now holds a revised 'A' rating from credit agency S&P.
- The rating reassessment impacts the software company's baseline standing with credit anal…: The rating reassessment impacts the software company's baseline standing with credit analysts.
- Investors tracking Salesforce will need to evaluate the firm under its updated rating.: Investors tracking Salesforce will need to evaluate the firm under its updated rating.