Moody's affirms NCR's ratings following announcement of Cardtronics acquisition
Rating Action: Moody's affirms NCR's ratings following announcement of Cardtronics acquisition. Global Credit Research- 27 Jan 2021. New York, January 27, 2021-- Moody's Investors Service affirmed NCR Corporation's ratings including the company's B2 corporate family rating, B2-PD probability of default rating, the Ba3 rating on NCR's first lien credit facility, and the B3 rating on the issuer's senior unsecured bonds.NCR is a software- and services-led enterprise provider in the financial, retail, hospitality and telecommunications and technology industries. The company is an enterprise provider selling a portfolio of digital first software, services, hardware and payments. The company's segments include: Banking, which includes automated teller machines and payment processing hardware and software; Retail, which provides solutions that primarily include retail-oriented technologies, such as point of sale (POS) terminals and POS software; Hospitality, which provides solutions that include POS hardware and software solutions; and Other, which includes telecommunications and technology solutions.
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