Wolters Kluwer receives Moody’s rating upgrade to A3
30 Marzo 2023 - 3:30PM
Wolters Kluwer receives Moody’s rating upgrade to A3
Wolters Kluwer receives
Moody’s rating upgrade to A3
Alphen aan den
Rijn — March 30,
2023 — Moody's Investors Service
(Moody's) has upgraded Wolters Kluwer N.V.'s senior unsecured
ratings to A3 from Baa1. The outlook on the ratings remains
stable. Wolters Kluwer (EURONEXT: WKL) is a leading software
solutions and services provider.
According to Moody’s, the upgrade reflects Wolters Kluwer’s
“strong operating performance and credit metrics, as well as its
improved business profile and resiliency to economic cycles.”
Further, the ratings agency noted that “the upgrade also reflects
the corporate governance considerations associated with its track
record in maintaining a conservative and predictable financial
policy.”
Moody’s also noted that the A3 rating is “supported by the
company's strong operating performance with steady organic revenue
growth, driven by its focus on software and cloud-based solutions,
as well as the progressive improvement of its business risk
profile.”
The rating agency added that Wolters Kluwer “has consistently
delivered positive and improving organic revenue growth since 2010.
In 2022, Wolters Kluwer reported 6.2% organic revenue growth,
higher than the 5.7% growth rate reported in 2021.”
Further, “the stable outlook reflects Moody's expectation that
the company's operating performance will continue to be solid,
resulting in positive organic revenue growth and strong free cash
flow generation.”
The full report is available on the Moody’s website.
To learn more about Wolters Kluwer, please visit:
www.wolterskluwer.com.
# # #
About Wolters Kluwer Wolters Kluwer (EURONEXT:
WKL) is a global leader in information, software, and services for
professionals in healthcare, tax and accounting, financial and
corporate compliance, legal and regulatory, and corporate
performance and ESG. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain
knowledge with specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 20,000
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, Twitter, Facebook, and YouTube.
Media Contact:
Paul LyonSenior Director, External CommunicationsGlobal Branding
& CommunicationsWolters KluwerOffice +44 20 3197
6586Paul.Lyon@wolterskluwer.com
Forward-looking Statements and Other Important Legal
Information
This report contains forward-looking statements. These
statements may be identified by words such as “expect”, “should”,
“could”, “shall” and similar expressions. Wolters Kluwer cautions
that such forward-looking statements are qualified by certain risks
and uncertainties that could cause actual results and events to
differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from
these forward-looking statements may include, without limitation,
general economic conditions; conditions in the markets in which
Wolters Kluwer is engaged; behavior of customers, suppliers, and
competitors; technological developments; the implementation and
execution of new ICT systems or outsourcing; and legal, tax, and
regulatory rules affecting Wolters Kluwer’s businesses, as well as
risks related to mergers, acquisitions, and divestments. In
addition, financial risks such as currency movements, interest rate
fluctuations, liquidity, and credit risks could influence future
results. The foregoing list of factors should not be construed as
exhaustive. Wolters Kluwer disclaims any intention or obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
- 30.03.23 Wolters Kluwer receives Moody’s rating upgrade to
A3
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