Announcement of Periodic Review: Moody's announces completion of aperiodic review of ratings of Plantronics, Inc.Global Credit Research - 22 Feb 2022New York, February 22, 2022 -- Moody's Investors Service ("Moody's") hascompleted a periodic review of the ratings of Plantronics, Inc. andother ratings that are associated with the same analytical unit. Thereview was conducted through a portfolio review discussion held on 14February 2022 in which Moody's reassessed the appropriateness of theratings in the context of the relevant principal methodology(ies),recent developments, and a comparison of the financial and operatingprofile to similarly rated peers. The review did not involve a ratingcommittee. Since 1 January 2019, Moody's practice has been to issue apress release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not anindication of whether or not a credit rating action is likely in thenear future. Credit ratings and outlook/review status cannot be changedin a portfolio review and hence are not impacted by this announcement.For any credit ratings referenced in this publication, please see theratings tab on the issuer/entity page on www.moodys.com for the mostupdated credit rating action information and rating history.Key rating considerations are summarized below.Plantronics' Ba3 Corporate Family Rating reflects its leading positionacross several audio, voice and video enterprise communications devicemarkets offset by a rapidly changing technology landscape and very highleverage. The office communications equipment market is evolving quicklyto adapt to cloud hosted voice and video communications systems as wellas the growth in "soft" phones -- trends that should benefitPlantronics. In particular, the shift to a more remote workforce andrapid acceptance of video as the preferred communications medium shoulddrive growth in certain product lines. Moody's expects the company willfocus on repaying debt until leverage levels moderate. Ongoing supplychain issues may slow the pace however.This document summarizes Moody's view as of the publication date andwill not be updated until the next periodic review announcement, whichwill incorporate material changes in credit circumstances (if any)during the intervening period.The principal methodology used for this review was DiversifiedTechnology published in August 2018. Please see the Rating Methodologiespage on www.moodys.com for a copy of this methodology.This announcement applies only to EU rated, UK rated, EU endorsed and UKendorsed ratings. Non EU rated, non UK rated, non EU endorsed and non UKendorsed ratings may be referenced above to the extent necessary, ifthey are part of the same analytical unit.This publication does not announce a credit rating action. For anycredit ratings referenced in this publication, please see the ratingstab on the issuer/entity page on www.moodys.com for the most updatedcredit rating action information and rating history.Matthew B. JonesVP - Senior Credit OfficerCorporate Finance GroupMoody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007U.S.A.JOURNALISTS: 1 212 553 0376Client Service: 1 212 553 1653Stephen SohnAssociate Managing DirectorCorporate Finance GroupJOURNALISTS: 1 212 553 0376Client Service: 1 212 553 1653Releasing Office:Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007U.S.A.JOURNALISTS: 1 212 553 0376Client Service: 1 212 553 1653© 2022 Moody's Corporation, Moody's Investors Service, Inc.,Moody's Analytics, Inc. and/or their licensors and affiliates(collectively, "MOODY'S"). 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