Moody’s rates Hewlett-Packard Enterprise Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured issuer rating to Hewlett-Packard Enterprise Co. (HPE) in anticipation of the company's pending spinoff from Hewlett-Packard Co.

The outlook is stable.

"HPE's Baa2 rating reflects the company's good market positions throughout a range of enterprise IT products offset by strong competitive pressures that will limit revenue growth and constrain profit expansion," Moody's senior vice president Richard Lane said in a news release.

"A shifting landscape toward cloud-based and mobile IT infrastructure will require ongoing partnering as well as acquisitions to build out capabilities."

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