Moody's assigns B1 to Informatica

Moody's Investors Service said it assigned to Informatica Inc. a B1 corporate family rating, B1-PD probability of default rating and an SGL-1 speculative grade liquidity rating, and affirmed the B1 ratings on Informatica's new senior first-lien secured credit facilities comprising a $250 million revolving credit facility and $1.875 billion of term loans.

Moody's concurrently withdrew the B2 CFR and B2-PD probability of default rating at Informatica LLC. Informatica Inc. is the indirect parent of Informatica LLC.

These rating actions conclude the review of Informatica LLC.'s ratings started on Oct. 6, the agency said.

On Oct. 26, Informatica completed the initial public offering of shares of class A common stock. The company used the about $800 million in net proceeds to repay debt.

Moody’s also revised the outlook on Informatica Inc. to positive from under review.

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