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Moody's Ratings affirms GoTo Group's Caa1 CFR; changes outlook to nega...

Moody's Ratings (Moody's) affirmed GoTo Group, Inc.'s (GoTo Group) Caa1 corporate family rating and changed the outlook to negative from stable. At the same time, we affirmed the Caa1-PD probability of default rating (PDR), B2 ratings of its senior secured First Lien First Out bank credit facilities...

GoTo Group, Inc.: Updated credit analysis after ratings affirmation fo...

Our credit view of this issuer reflects its good operating scale and profitability, despite slightly eroding EBITDA margins, offset by its intensely competitive market segments.

Moody's affirms GoTo Group's Caa1 CFR and assigns ratings to new loans...

Moody's Ratings (Moody's) affirmed the Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR) of GoTo Group, Inc. (GoTo or GoTo Group), a provider of unified communications and collaboration, remote access and support, and password management solutions. Moody's assigned B...

Moody's appends limited default (LD) to GoTo Group's Caa1-PD following...

Moody's Investors Service (Moody's) has appended a limited default (LD) designation to GoTo Group, Inc.'s (GoTo Group) Probability of Default Rating (PDR), changing it to Caa1-PD/LD from Caa1-PD, following the completion of the transactions announced on 5 February 2024.  The "/LD" designation will b...

GoTo Group, Inc.: Updated credit analysis after ratings downgrade

Our credit view of this issuer reflects its high leverage, low revenue growth expectations and the competitive environment it operates in.

Moody's downgrades GoTo Group's CFR to Caa1; outlook is stable

Moody's Investors Service (Moody's) downgraded GoTo Group, Inc.'s (GoTo Group) Corporate Family Rating (CFR) and the ratings for its first lien bank credit facilities and first lien senior secured notes to Caa1, from B3. Concurrently, Moody's downgraded the company's Probability of Default Rating (P...

GoTo Group, Inc.: Updated credit analysis after ratings downgrade

Credit metrics will weaken as higher spending erodes earnings and revenues decline in the next few quarters. Profitability expected to rebound by mid-2023 if sales execution improves.

Moody's downgrades GoTo Group's CFR to B3; outlook negative

Moody's Investors Service ("Moody's") downgraded GoTo Group, Inc.'s ("GoTo Group") Corporate Family Rating (CFR) and the ratings for its 1st lien credit facilities and senior secured notes to B3, from B2. The ratings outlook is negative. The ratings action reflect Moody's expectations for GoTo Group...

GoTo Group, Inc.: Updated credit analysis

High leverage and challenges from a large share of revenues from declining products. Good liquidity, operating scale, and strong profitability support credit profile.

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