Dun & Bradstreet Announces Corporate Ratings Upgrades From Moody’s
01 August 2023 - 10:05PM
Business Wire
Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading
global provider of business decisioning data and analytics,
announced today that Moody’s Investors Services (“Moody’s”) has
upgraded both its corporate family rating and probability of
default rating to B1 from B2 and its senior unsecured rating to B3
from Caa1. The company’s overall outlook is stable.
“We are pleased with Moody’s decision to raise our ratings.”
said Anthony Jabbour, Chief Executive Officer, Dun &
Bradstreet. “This is yet another external proof point of the
strength of our financial results, operational execution, and
overall balance sheet.”
According to Moody's published report, the upgraded ratings and
stable outlook reflects Moody’s view that in the next 12-18 months,
there will be continued moderate improvement in Dun &
Bradstreet’s operating performance fueled in part by healthy
product demand, stronger pricing, as well as the Company's
expansion of its ESG-related product offerings.
“The company's credit profile is supported by its very long
operating history, strong brand recognition within its target
markets, and established long-term relationships with a large
number of diverse customers. Additionally, the company's credit
quality is bolstered by a largely subscription-oriented sales model
that provides a predictable revenue base while ongoing cost
reduction initiatives drive gradual expansion of DNB's strong
margins and improved annual free cash flow generation approaching
10% of total debt over the next 12-18 months,” according to
Moody’s.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business
decisioning data and analytics, enables companies around the world
to improve their business performance. Dun & Bradstreet’s Data
Cloud fuels solutions and delivers insights that empower customers
to accelerate revenue, lower cost, mitigate risk, and transform
their businesses. Since 1841, companies of every size have relied
on Dun & Bradstreet to help them manage risk and reveal
opportunity. For more information on Dun & Bradstreet, please
visit www.dnb.com.
Forward-Looking Statements
The statements contained in this release that are not purely
historical are forward-looking statements, including statements
regarding expectations, hopes, intentions or strategies regarding
the future. Forward-looking statements are based on Dun &
Bradstreet’s management’s beliefs, as well as assumptions made by,
and information currently available to, them. Forward-looking
statements can be identified by words such as “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and
similar references to future periods, or by the inclusion of
forecasts or projections. Examples of forward-looking statements
include, but are not limited to, statements we make regarding the
outlook for our future business and financial performance. Because
such statements are based on expectations as to future financial
and operating results and are not statements of fact, actual
results may differ materially from those projected. It is not
possible to predict or identify all risk factors. Consequently, the
risks and uncertainties listed below should not be considered a
complete discussion of all of our potential trends, risks and
uncertainties. We undertake no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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Dun & Bradstreet Investor Relations IR@dnb.com +1
904.648.8006
Dun & Bradstreet Media Dawn McAbee Mcabee@dnb.com +1
904.648.6328
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