Moody's Ratings affirms Baa1 rating for Synopsys, outlook changed to positive
Moody's Ratings (Moody's) affirmed the Baa1 long-term issuer and senior unsecured ratings of Synopsys, Inc. (Synopsys) and the outlook was revised to positive from stable. Accelerated debt repayment allows Synopsys to reduce debt balances ahead of our base case projections. Continued top line growth...Synopsys is a supplier of electronic design automation (EDA) software that engineers use to design and test integrated circuits. The company also provides semiconductor intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. The company provides software and hardware used to validate the electronic systems that incorporate chips and the software that runs on them. The company is also a provider of software tools and services that improve the security and quality of software code in a variety of industries, including electronics, financial services, media, automotive, medicine, energy and industrials.
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