S&P Raises Red Hat's (RHT) Corporate Credit Rating to 'BB+'
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- S&P Raises Red Hat's (RHT) Corporate Credit Rating to 'BB+'
Red Hat, Inc. (NYSE: RHT) announced that Standard & Poor's (S&P) Rating Services raised Red Hat's corporate credit rating from 'BB' to 'BB+' on Nov. 10, 2009. This upgrade reflects Red Hat's strong performance and consistent growth during a challenging global economic environment.
This marks Red Hat's third upgrade by S&P in just a 20-month period. In addition, Red Hat was selected for inclusion in the S&P 500 stock index starting on July 24, 2009. S&P is a leading provider of financial market intelligence and one of the world's foremost sources of credit ratings, indices, investment research, risk evaluation and data.
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