CrowdStrike Holdings Inc. Assigned 'BB+' Issuer Credit Rating, Outlook Stable

We view CrowdStrike Holdings Inc. as a leading provider of endpoint and workload security with industry-leading organic revenue growth supported by the success of its Falcon platform. We are assigning our 'BB+' issuer credit rating to CrowdStrike Holdings, Inc. At the same time, we are assigning our 'BB' issue-level rating to its proposed $750 million unsecured notes. The stable outlook reflects our expectation that CrowdStrike will generate revenue, EBITDA and FOCF growth that are well above industry averages, driven by increasing focus on security within organizations, while maintaining exceptional liquidity. SAN FRANCISCO (S&P Global Ratings) Jan. 11, 2021—S&P Global Ratings today took the rating actions listed above. The rating reflects CrowdStrike's revenue growth, which is significantly above average for the

...January 11, 2021 - We view CrowdStrike Holdings Inc. as a leading provider of endpoint and workload security with industry-leading organic revenue growth supported by the success of its Falcon platform. - We are assigning our '##+' issuer credit rating to CrowdStrike Holdings, Inc. - At the same time, we are assigning our '##' issue-level rating to its proposed $750 million unsecured notes. - The stable outlook reflects our expectation that CrowdStrike will generate revenue, EBITDA and FOCF growth that are well above industry averages, driven by increasing focus on security within organizations, while maintaining exceptional liquidity. SAN FRANCISCO (S&P Global Ratings) Jan. 11, 2021--S&P Global Ratings today took the rating actions listed above. The rating reflects CrowdStrike's revenue growth, which is significantly above average for the security end market, its subscription-based revenue model, and the success of its Falcon platform. The company benefits from its cloud-native architecture,...

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