View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 1, 1995

CREDIT RATINGS

By CBR Staff Writer

Computervision Corp, Bedford, Massachusetts emerges with enhanced value from the review by Standard & Poor’s Corp, which raised its subordinated debt rating to B-minus from triple-C-plus. The corporate credit rating is B-plus, and the outlook is positive. There is $175m of rated debt out, and the upgrade reflects ongoing improvement in operating performance, market acceptance of new products, and a more conservative financial structure. But the company’s competitive position has been impaired by its financial condition, which has seen Computervision suffer significant operating losses over the past four years, an ongoing erosion of its revenue base, and high debt levels as a result of the absurd debt-laden buyout of Prime Computer Inc. Standard & Poor’s expects software revenues to rise over the next 12 months, fuelled by new product introductions and new contract wins, and continued evidence of an improving trend could lead to an additional modest rating improvement near term.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU