Moody's rates NetApp Baa1

Moody's Investors Service said it assigned a long-term issuer rating of Baa1 rating to NetApp Inc.

The outlook is stable.

Moody's said NetApp's Baa1 rating reflects the company's "solid competitive position in the data storage sector, good market growth expectations as enterprises build out storage infrastructures," Moody's senior vice president Richard Lane said in a news release.

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