Dassault Systèmes assigned a rating of A- / Stable by S&P Global Ratings
PARIS, France – August 27, 2019 – Dassault Systèmes, the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announces that it has received its first long-term issuer credit rating.
S&P Global Ratings has assigned to Dassault Systèmes a rating of ‘A-‘with a stable outlook and “Strong” business risk profile.
The “Strong” business risk profile notably reflects S&P Global Ratings’ view of the Group’s high barriers to entry, strong differentiation through its unified 3DEXPERIENCE platform, relentless innovation and resilience across cycles.
Pascal Daloz, Executive Vice President, Chief Financial Officer and Corporate Strategy Officer, Dassault Systèmes: “This development marks an important milestone in the credit history of Dassault Systèmes, in the context of the announced acquisition of Medidata Solutions”.
Thibaud Lagache, Lead Analyst, S&P Global, commented: “Dassault Systèmes' credit quality is supported by its strong balance sheet, financial flexibility, a prudent financial policy, its well-seasoned and stable management, and its supportive ownership structure underpinning a strong governance framework.”
Investor Calendar
Third-quarter 2019 revenue: October 24, 2019
Fourth-quarter 2019 revenue: February 06, 2020
Disclaimer
This press release does not constitute an offer, invitation or inducement to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any securities of Dassault Systèmes nor shall there be any offer or sale of any securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 350,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: https://www.3ds.com