Moody's upgrades Sorenson Communications' CFR to B2, first lien to Ba2
About $560 million of debt upgraded. New York, January 06, 2017-- Moody's Investors Service upgraded Sorenson Communications, LLC's credit ratings. The Corporate Family rating was upgraded to B2 from Caa1, the Probability of Default rating was upgraded to B2-PD from Caa1-PD, and the senior secured first lien rating was upgraded to Ba2 from B2.
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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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