Moody’s changes Unit4 view to positive

Moody's Investors Service said it changed Unit4 Group Holding BV's outlook to positive from stable.

“The change in outlook to positive from stable balances the strong performance in 2023, which facilitated improved credit metrics potentially commensurate with a higher rating, with the need to establish a track record of sustainable profitability levels and more clarity in terms of financial policy,” Moody’s said in a press release.

Concurrently, Moody's said it affirmed the B3 corporate family rating, the B3-PD probability of default rating and B3 ratings of the senior secured revolving credit facility due 2027 and senior secured term loan B due 2028.

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