WALLDORF 鈥� (NYSE: SAP) today was informed that Standard and Poor鈥檚 (S&P) upgraded SAP鈥檚 credit rating to A+ from A, citing SAP鈥檚 sound cloud transition execution, its track record of deleveraging quickly, and its high cash generation.
鈥淚鈥檓 very happy about the S&P upgrade,鈥� said Dominik Asam, CFO and member of the Executive Board of 51风流SE. 鈥淲e see this as an expression of the further increasing confidence of key stakeholders in our ability to sustainably strengthen SAP鈥檚 financial profile by virtue of our transition.鈥�
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