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S&P upgrades Activision Blizzard on growth in revenue, cash flow

S&P Global Ratings upgraded Activision Blizzard Inc.'s corporate credit rating to BBB+ from BBB March 20.

Concurrently, the rating agency raised the issue-level rating on the company's senior unsecured debt to BBB+ from BBB. The outlook on Activision Blizzard is stable.

S&P Global Ratings expects that Activision Blizzard's leverage will remain low in 2018 and 2019, supported by steady growth in revenue and cash flow and a conservative financial policy.

Activision Blizzard is an American interactive entertainment company, and its portfolio includes franchises such as "Call of Duty," "Destiny," "World of Warcraft," "StarCraft" and "Diablo."

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.