Moody’s Investors Service (“Moody’s”) assigned Baa2 ratings to Roper Technologies, Inc.’s (“Roper”) issuance of five- and ten-year senior unsecured notes. The Baa2 ratings incorporate Roper’s strong competitive standing within its niche markets, as well as the portfolio benefits that accrue from the company’s highly diverse set of products and services that have varied and distinct demand drivers. Roper’s strong cash generating capabilities represent a key credit consideration and Moody’s expects that free cash flow as a percentage of debt will approach 20% this year.
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