Moody's: Dell unchanged

Moody's Investors Service said Dell Inc.'s A2 long-term and prime-1 short-term ratings are not affected by news that Dell agreed to acquire SonicWALL, Inc.

Moody's said it views the acquisition as credit positive as it expands Dell's software portfolio while enhancing its intellectual property in network security.

Upon closing, the agency said it expects SonicWALL's senior secured debt to be repaid, upon which time it will withdraw all of SonicWALL's debt ratings.

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