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Ultimate Software Group, Inc. (The): Updated analysis after ratings up...

Merger with Kronos has created a strong HCM competitor with large base of recurring revenues and good profitability. The financial profile is weak but we expect rapid deleveraging by 2022.

Moody's upgrades Ultimate Software's CFR to B2; outlook stable

Rating Action: Moody's upgrades Ultimate Software's CFR to B2; outlook stable. Global Credit Research- 17 Jun 2020. Approximately $6 billion of rated debt affected.

Ultimate Software Group, Inc. (The): Updated Credit Analysis

The sharp economic contraction will delay anticipated deleveraging from very high levels but strong growth prospects support credit profile.

Moody's announces completion of a periodic review of ratings of Ultima...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ultimate Software Group, Inc.. Global Credit Research- 16 Mar 2020. New York, March 16, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Ultimate Software Group, Inc. and other ratings that are associated with the same analytical unit.

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