Moody’s rates Autodesk notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to the proposed senior unsecured notes of Autodesk, Inc. and affirmed the existing Baa2 senior unsecured ratings.

The outlook is stable.

Moody’s said the Baa2 rating reflects the company's solid competitive position in the design software sector, good market growth expectations, solid cash flow generation and strong liquidity.

“Autodesk is the leading player in the fragmented design software market, although there is steady competition from large and small providers,” the agency said in a news release.

“Autodesk's investment in emerging cloud, mobile, and social computing design software functionality will provide additional competitive advantages that smaller players may not be able to match.”

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