PARIS, France – August 27, 2019 – Dassault Systèmes, the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announces that it has received its first long-term issuer credit rating.
S&P Global Ratings has assigned to Dassault Systèmes a rating of ‘A-‘with a stable outlook and “Strong” business risk profile.
The “Strong” business risk profile notably reflects S&P Global Ratings’ view of the Group’s high barriers to entry, strong differentiation through its unified 3DEXPERIENCE platform, relentless innovation and resilience across cycles.
Pascal Daloz, Executive Vice President, Chief Financial Officer and Corporate Strategy Officer, Dassault Systèmes: “This development marks an important milestone in the credit history of Dassault Systèmes, in the context of the announced acquisition of Medidata Solutions”.
Thibaud Lagache, Lead Analyst, S&P Global, commented: “Dassault Systèmes' credit quality is supported by its strong balance sheet, financial flexibility, a prudent financial policy, its well-seasoned and stable management, and its supportive ownership structure underpinning a strong governance framework.”
Third-quarter 2019 revenue: October 24, 2019
Fourth-quarter 2019 revenue: February 06, 2020
This press release does not constitute an offer, invitation or inducement to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any securities of Dassault Systèmes nor shall there be any offer or sale of any securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction.
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating 'virtual twin experiences’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production.
Dassault Systèmes’ 20,000 employees are bringing value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit https://www.3ds.com