S&P rates Riverbed Parent B

S&P said it assigned a B corporate credit rating to Riverbed Parent Inc.

The outlook is stable.

The ratings on Riverbed Technology Inc., a core subsidiary of Riverbed Parent Inc., are unaffected.

The outlook is stable.

The rating was assigned to Riverbed Parent, the ultimate parent of Riverbed Technology and the entity where the group's audited financial statements reside, S&P explained.

The ratings reflects an expectation that the company will maintain its leadership position in the WAN optimization market and continue to generate positive free operating cash flow in excess of $100 million annually, the agency said.

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