Moody’s rates salesforce.com debt A3

Moody's Investors Service said it assigned an A3 senior unsecured rating to salesforce.com, Inc.

The outlook is stable.

The agency said the rating reflects the company's strong position in enterprise cloud computing and its leading position as a software-as-a-service provider and the market leader in the customer relationship management software sector.

"Salesforce's growing scale, and significant product and end market diversity as well as the predictable and growing nature of the company's revenue base and cash flow are supportive of the company's credit profile," Moody's senior vice president Richard Lane said in a news release.

The rating also considers the company's pending acquisition of Mulesoft Inc. for about $6.5 billion, which will be funded in part by $3 billion of debt, Moody’s said.

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