S&P revises views on Dell, VMware to stable

S&P said it revised its outlook on Dell Technologies Inc. and VMware Inc. to stable from negative.

“Our rating outlook change on Dell reflects the company's continued strong performance in its client solutions group business segment, market share gains in its storage business, and good free operating cash generation, allowing for debt repayment,” said S&P in a news release.

S&P said the outlook change for VMware mirrors Dell’s because it sees VMware as closely tied to Dell’s credit profile.

The agency said it also affirmed all ratings for the two companies.

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