
Workday Inc. sees rating upgrade to ’BBB+’ at S&P due to stronger cash position
Investing.com -- S&P Global Ratings has upgraded Workday Inc (NASDAQ:WDAY). to ’BBB+’ from ’BBB’ due to the company’s increased net cash position and business resilience. The upgrade comes despite increased share repurchases and acquisition spending in fiscal 2025, which ended on January 31. The firm’s growing free operating cash flow (FOCF) and conservative capital allocation hi ...