CA credit rating upgraded
CA logo
Standard & Poor’s upgraded CA Technologies on Monday to BBB+ citing strong performance and a modest debt burden. The agency took the Islandia-based software corporation rating up one notch and gave it a stable outlook due to an “entrenched customer base” and renewed revenue growth.
"The upgrade reflects CA's solid operating performance during the recent IT downturn, modest leverage, and strong free cash flow generation," Standard & Poor's analyst Philip Schrank said in a news release.
The company’s stock closed up 0.46% Monday at $24.16.
-------------------
Read more of Inside Long Island Business
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
