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Prospect News home > News index > List of issuers S > Headlines for Serena Software, Inc. > News item
Published on 6/24/2016 in the Prospect News Bank Loan Daily and Prospect News Convertibles Daily.

S&P lifts, withdraws Serena Software

S&P said it raised its corporate credit rating on Serena Software Inc. to BB- from B.

The outlook is stable.

At the same time, the agency removed all ratings from CreditWatch, where they were placed with positive implications on March 29.

S&P subsequently withdrew all ratings on Serena Software.

"The ratings upgrade and subsequent withdrawal follow the completion of the merger of Serena Software Inc. with Micro Focus International plc on May 2, 2016," S&P credit analyst John Moore said in a news release.


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