S&P rates Hewlett Packard Enterprise BBB

Standard & Poor's said it assigned a BBB corporate credit rating to Hewlett Packard Enterprise Co., along with an A-2 short-term rating to its commercial-paper program.

The outlook is stable.

The ratings reflect the company’s substantial scale across enterprise hardware, software and services markets, S&P said, along with its commitment to moderate financial policies for leverage and cash deployment.

The ratings also consider the company’s exposure to revenue declines in legacy hardware and services markets and significant capital expenditures inherent to its IT outsourcing services business, the agency said.

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