Moody's affirms Avago Cayman's Ba1 CFR on announced Broadcom acquisition of Brocade Communications; outlook remains positive
New York, November 03, 2016-- Moody's Investors Service affirmed Avago Technologies Cayman Finance Ltd.' s ratings, including the Ba1 Corporate Family Rating and Senior Secured Credit Facilities rating, the Ba1-PD Probability of Default Rating, and the SGL-1 Speculative Grade Liquidity rating. Avago Cayman's rating outlook remains positive. The rating action follows the announcement that Avago Cayman's parent, Broadcom Ltd., has agreed to acquire Brocade Communications...
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