Moody's: BMC Software unaffected

Moody's Investors Service said that Elliott Associates, LP and Elliott International, LP's recently filed presentation and board slate proposal do not have an effect on BMC Software Inc.'s Baa2 unsecured rating at this time.

"Though certain of Elliott's proposals could have negative rating implications if pursued aggressively, BMC is viewed as a solid investment grade credit with substantial cash generating capabilities, a strong balance sheet and flexibility within its rating," Moody's senior analyst Matthew Jones said in a news release.

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