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18.12.2014 15:37:00
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CA, Inc. -- Moody's says CA credit profile improving with debt repayment; operating challenges remain but showing signs of improvement
New York, December 18, 2014 -- Moody's Investors Service said CA, Inc.'s credit profile recently improved with the repayment of $500 million notes at maturity in December 2014. Although revenues and operating profits have been challenged in recent years, the strategic changes put in place by CEO Mike Gregoire are showing some signs of success. To the extent revenues stabilize and cash flow from operations return to earlier levels, the company's Baa2 unsecured rating could face upward pressure. For more information, please see the latest CA, Inc. publication at www.moodys.com.
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