Dassault Systèmes assigned a rating of A- / Stable by S&P Global Ratings
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.
About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 250, 000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com
3DEXPERIENCE, the Compass logo and the 3DS logo, CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, BIOVIA, NETVIBES and 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.