S&P rates CA notes BBB+

S&P said it assigned the BBB+ rating to CA Inc.'s proposed senior unsecured notes.

The corporate credit rating remains at BBB+ with a stable outlook.

The ratings reflect the company's large base of recurring revenues, strong free cash flow generation and net cash position, S&P said.

The stable outlook considers an expectation that CA will maintain its leadership position in the global IT management software industry, the agency said, and that management will maintain adjusted net leverage of less than 2x.

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