Ton Zijlstra
The company's commercial paper rating has also been affirmed at 'P-1'.
The day before, the company announced plans to acquire one of the largest video game makers Activision Blizzard for $68.7 billion. The purchase is expected to take place in the first half of next year, subject to the usual conditions of regulatory scrutiny completion and approval by Activision Blizzard's shareholders.
"The acquisition of Activision makes good strategic sense and will support Microsoft's strategy to expand its market position through investment in cloud services," the agency explains.
The stable rating outlook reflects the agency's view that the company will continue to maintain and protect its very strong market position and expand its cloud service offerings.
Moody's also forecasts that Microsoft will deliver consistently strong profitability with an EBITDA margin of more than 50% and free cash flow generation after paying dividends of more than $50 billion this June and $60 billion next June.
source: ft.com
The day before, the company announced plans to acquire one of the largest video game makers Activision Blizzard for $68.7 billion. The purchase is expected to take place in the first half of next year, subject to the usual conditions of regulatory scrutiny completion and approval by Activision Blizzard's shareholders.
"The acquisition of Activision makes good strategic sense and will support Microsoft's strategy to expand its market position through investment in cloud services," the agency explains.
The stable rating outlook reflects the agency's view that the company will continue to maintain and protect its very strong market position and expand its cloud service offerings.
Moody's also forecasts that Microsoft will deliver consistently strong profitability with an EBITDA margin of more than 50% and free cash flow generation after paying dividends of more than $50 billion this June and $60 billion next June.
source: ft.com
