New York, May 24, 2016 -- Moody's Investors Service ("Moody's") affirmed the Baa2 senior unsecured rating of Hewlett Packard Enterprise Company ("HPE") following the company's announcement that it plans to spin off its Enterprise Services business to its shareholders and combine the services business with Computer Sciences Corporation (CSC) in a tax free transaction. Both boards of directors have approved the transaction. Subject to regulatory approvals, HPE expects to close the transaction in the first half of calendar 2017. The outlook is stable.

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