Moody's: Adobe unchanged

Moody's Investors Service said Adobe Systems Inc.'s plans to cease the development of future flash player versions compatible with mobile devices is a negative credit development.

Additionally, plans to shift resources away from certain troubled legacy product lines to concentrate on higher-growth digital media and marketing segments is expected to cause a temporary impact on revenues, Moody's said.

Nonetheless, the Baa1rating and stable outlook are not affected at this time, the agency said.

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