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Wed, January 22, 2025

Ziff Davis earns Moody's rating upgrade, maintains stable outlook


Published on 2025-01-22 14:00:48 - MSN
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  • Ziff Davis, Inc., a vertically focused digital media and internet company, has had its corporate family rating (CFR) and probability of default rating (PDR) upgraded by Moody's (NYSE:MCO) Ratings. The ratings have been improved to Ba3 from B1 for the CFR and to Ba3-PD from B1-PD for the PDR.

Ziff Davis, a digital media and internet company, has received a rating upgrade from Moody's Investors Service, moving from Ba2 to Ba1. This upgrade reflects Moody's recognition of Ziff Davis's improved financial performance, including better profitability and cash flow generation. Despite the upgrade, Moody's has maintained a stable outlook for the company, indicating expectations that Ziff Davis will continue its current business strategy without significant changes in its credit profile. The rating agency also noted the company's diversified revenue streams and its ability to adapt to digital trends as positive factors. However, challenges such as potential economic downturns and shifts in digital advertising markets could impact future performance.

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[ https://www.msn.com/en-us/money/economy/ziff-davis-earns-moody-s-rating-upgrade-maintains-stable-outlook/ar-AA1xFrmZ ]
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