Moody's: Infogroup view negative

Moody's Investors Service said it affirmed Infogroup Inc.'s B1 corporate family rating and B2 probability of default rating.

Moody's also affirmed the B1 ratings on the company's senior secured credit facilities.

The outlook was revised to negative from stable.

Moody's said the outlook revision reflects Infogroup's weaker than expected operating performance since the debt-financed dividend that was paid in 2011 and the concern that weak revenue trends could continue.

The agency said it believes that recent declines in revenues reflect reductions in marketing expenditures by select customers in the wake of uncertain economic conditions as well as the challenging competitive environment.

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