Moody's downgrades CA

Moody's Investors Service said it downgraded CA, Inc.'s senior unsecured ratings to Baa3 from Baa2 and will withdraw all its ratings in the next few days.

CA was recently acquired by Broadcom, Inc.

Though a portion of CA's debt remains outstanding, Broadcom has not guaranteed the debt and Moody's said it does not expect them to provide public standalone financial statements for CA.

The downgrades conclude a review for downgrade that began in July, the agency said.

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