Moody's confirms Open Text's Ba1 CFR
New York, December 15, 2016-- Moody's Investors Service, confirmed Open Text Corp.' s existing ratings including its Ba1 Corporate Family Rating after completing its recent $564 million stock issuance. Moody's also confirmed its Baa2 senior secured rating and the Ba2 rating on its upsized senior unsecured notes. This concludes the review for downgrade initiated September 12, 2016 when Open Text announced that it entered into an agreement to acquire certain software assets...
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