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UKG Inc.: Updated credit analysis

Our credit view of this issuer reflects its strong equity cushion and its large scale and strong growth prospects, constrained by its very high financial leverage.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of UKG Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 22 November 2024 in which we reassessed the appropriateness of the ratings in the context of the r...

UKG Inc.: Covenant Quality Post-Sale Snapshot: $2,500m 6.875% Senior S...

UKG Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.53.

Moody's downgrades UKG's first lien debt to B2; rates proposed secured...

Moody's Investors Service (Moody's)  downgraded UKG, Inc.'s (UKG) first lien senior secured credit facilities to B2 from B1 and assigned a B2 to the company's proposed senior secured notes.   UKG is refinancing and upsizing its first lien debt facilities and raising new secured notes to refinance ex...

UKG Inc.: Updated credit analysis

Our credit view of this issuer reflects its strong equity cushion and its large scale and strong growth prospects, constrained by its very high financial leverage.

Moody's affirms UKG's B2 CFR; outlook remains negative

Moody's Investors Service (Moody's)  affirmed UKG, Inc.'s ("UKG") ratings including its B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default Rating, B1 senior secured first lien debt ratings and Caa1 senior secured second lien debt ratings.  UKG is refinancing and modestly upsizing its f...

UKG Inc.: Updated credit analysis

UKG has large base of recurring revenues and strong growth prospects, but its credit profile is constrained by its very high financial leverage.

Moody's affirms UKG's B2 CFR; outlook negative

Moody's Investors Service ("Moody's") affirmed UKG Inc.'s (UKG) existing ratings, including its B2 Corporate Family Rating (CFR) and the B1 and Caa1 ratings for its 1st lien and 2nd lien credit facilities, respectively. The ratings outlook remains negative. UKG plans to raise $400 million of add-on ...

UKG Inc.: Updated credit analysis

UKG has large scale and strong growth prospects but its credit metrics will remain challenged over the next 12 months.

Moody's affirms UKG's B2 CFR; outlook negative

Moody's Investors Service (Moody's) affirmed UKG Inc.'s (UKG) existing ratings, including its B2 Corporate Family Rating (CFR) and the B1 and Caa1 ratings for its 1st lien and 2nd lien credit facilities, respectively. The ratings outlook is negative.   Affirmations: ..Issuer: UKG Inc. ....Corpor...

UKG Inc.: Updated analysis after change in rating outlook to negative

Very high leverage and shareholder-friendly policies offset strong business profile characterized by very good growth prospects, recurring revenues and strong market positions in core HR mar

Moody's changes UKG's ratings outlook to negative; affirms B2 CFR

Rating Action: Moody's changes UKG's ratings outlook to negative; affirms B2 CFR. Global Credit Research- 22 Dec 2021. New York, December 22, 2021-- Moody's Investors Service affirmed UKG Inc.' s existing ratings, including its B2 Corporate Family Rating and the B1 and Caa1 ratings for its 1st lien and 2nd lien credit facilities, respectively, and changed the ratings outlook to negative, from stable.

Moody's announces completion of a periodic review of ratings of UKG In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of UKG Inc.. Global Credit Research- 06 Dec 2021. New York, December 06, 2021-- Moody's Investors Service has completed a periodic review of the ratings of UKG Inc. and other ratings that are associated with the same analytical unit.

UKG Inc.: Updated analysis

Very high leverage and an aggressive, shareholder friendly policy offsets strong business profile characterized by good growth, recurring revenues, and strong market positions in core market

Moody's affirms UKG's ratings; outlook stable

Rating Action: Moody's affirms UKG's ratings; outlook stable. Global Credit Research- 10 Nov 2021. Approximately $8.6 billion of rated debt affected.

UKG Inc.: Updated analysis

Large scale and strong competitive products in the fast-growing markets but very high leverage and shift toward subscription sales will limit cash flow growth in the intermediate term

Moody's announces completion of a periodic review of ratings of UKG In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of UKG Inc.. Global Credit Research- 02 Feb 2021. New York, February 02, 2021-- Moody's Investors Service has completed a periodic review of the ratings of UKG Inc., formerly known as Ultimate Software Group, Inc., and other ratings that are associated with the same analytical unit.

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