| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Red Hat, Inc. > News item |
S&P puts Red Hat on positive watch
S&P said it placed all of its ratings on Red Hat Inc., including the BBB+ issuer credit rating, on CreditWatch with positive implications.
The CreditWatch placement follows IBM's announcement that it agreed to acquire Red Hat in an all-cash transaction worth $34 billion. The merger is expected to close in the latter half of 2019.
“We expect to resolve the CreditWatch upon close of the transaction, when we would equalize our rating on Red Hat with the A rating on IBM,” S&P said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.