Thursday, May 26, 2016

Fitch Affirms Computer Sciences' Rating on Merger with HPE's Enterprise Services; Outlook Stable

(The following statement was released by the rating agency)

CHICAGO, May 26 (Fitch) Fitch Ratings has affirmed the ratings

for Computer

Sciences Corporation (CSC), including the 'BBB' Long-Term Issuer

Default Ratings

(IDR), on its plan to merge with Hewlett Packard Enterprise's

(HPE) information

technology (IT) services segment, Enterprise Services (ES).

Fitch's actions

affect $5.1 billion of total debt, including the undrawn $2.5

billion revolving

credit facility (RCF). The Rating Outlook

Read more

No comments:

Post a Comment