Workday Inc. Receives Upgrade in Credit Rating

Workday Inc. has received an upgrade in its credit rating from S&P to ‘BBB+’. This change reflects the company’s strengthened cash position.

Credit Rating Upgrade Details

• The credit rating upgrade was announced by S&P.
• The new credit rating is ‘BBB+’, indicating a higher creditworthiness.
• The upgrade is a result of Workday Inc.’s improved cash position.

Impact on Stock Price

• The company’s stock price has been increasing in recent days.
• On April 24, the stock price saw a notable gain of 4.07%.
• The credit rating upgrade is likely to have a positive impact on the stock price.

Company Overview

Workday Inc. is a leading provider of cloud-based applications for enterprises. The company continues to be a key player in the software industry. Its financials and cash position have been improving, leading to a more favorable outlook for investors.