S&P lifts Synopsys to ’BBB+’ as chip-design leader capitalizes on AI demand

Investing.com -- S&P Global Ratings raised its credit rating on Synopsys Inc (NASDAQ:SNPS) to 'BBB+' from 'BBB' on Monday, citing strengthening long-term operating momentum following the chip-design software maker's recent analyst day presentation. The rating agency assigned a stable outlook, pointing to the company's entrenched market position and an expanding earnings base that provides ample headroom to absorb bolt-on acquisitions.