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SolarWinds Holdings, Inc.: Update to credit analysis

Our credit view of this issuer reflects its high EBITDA margins and strong cash generation potential, against its high 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 SolarWinds Holdings, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 30 May 2024 in which Moody's reassessed the appropriateness of the ratings in the...

SolarWinds Holdings, Inc.: Update to credit analysis

Our credit view of this issuer reflects its high EBITDA margins, constrained by its high leverage and its lingering impact of cyber breach on revenues and margins.

Moody's assigns B1 rating SolarWinds extended 1st lien debt facilities

Moody's Investors Service ("Moody's")  assigned a B1 rating to SolarWinds Holdings, Inc.'s ("SolarWinds") amended and extended term loan and revolver, the same as the rating on the existing debt. The amended facilities will effectively refinance the existing facilities.  SolarWinds also plans to rep...

SolarWinds Holdings, Inc.: Update to credit analysis following confirm...

Our credit view of this issuer reflects its high EBITDA margins and recurring revenue, offset by its high leverage and moderate scale.

Moody's confirms SolarWinds' B1 CFR; outlook stable

Moody's Investors Service ("Moody's") confirmed SolarWinds Holdings, Inc.'s ("SolarWinds") B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B1 rating on the senior secured bank credit facilities. The action concludes the review initiated on December 14, 2020 following ...

SolarWinds Holdings, Inc.: Update to Credit Analysis

Our credit view of this issuer reflects its strong current liquidity position and moderate leverage, constrained by its reduced scale and potential for weakening financial performance.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SolarWinds Holdings, Inc.. Global Credit Research- 13 Dec 2021. New York, December 13, 2021-- Moody's Investors Service has completed a periodic review of the ratings of SolarWinds Holdings, Inc. and other ratings that are associated with the same analytical unit.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SolarWinds Holdings, Inc.. Global Credit Research- 08 Feb 2021. New York, February 08, 2021-- Moody's Investors Service has completed a periodic review of the ratings of SolarWinds Holdings, Inc. and other ratings that are associated with the same analytical unit.

SolarWinds Holdings, Inc.: Update to Credit Analysis

Our credit view of SolarWinds Holdings. SolarWinds' ratings are currently on Review for Downgrade.

SolarWinds Holdings, Inc.: Cyberattack on SolarWinds is credit negativ...

Credit risks include the potential for reputational damage, material loss of customers, slowdown in business performance, and high remediation and legal costs.

Moody's places SolarWinds' ratings on review for downgrade following a...

Rating Action: Moody's places SolarWinds' ratings on review for downgrade following announcement of cyberattack. Global Credit Research- 14 Dec 2020. New York, December 14, 2020-- Moody's Investors Service, placed all ratings of SolarWinds Holdings, Inc., including the B1 Corporate Family Rating, under review for downgrade.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SolarWinds Holdings, Inc.. Global Credit Research- 09 Mar 2020. New York, March 09, 2020-- Moody's Investors Service has completed a periodic review of the ratings of SolarWinds Holdings, Inc. and other ratings that are associated with the same analytical unit.

SolarWinds Holdings, Inc.: Update to Credit Analysis

SolarWinds' (B1, stable) credit profile is constrained by the company's moderate financial leverage level and private equity control but supported by the company’s strong cash generation.

Moody's upgrades SolarWinds to B1, outlook stable

Rating Action: Moody's upgrades SolarWinds to B1, outlook stable. Global Credit Research- 28 Jan 2020. New York, January 28, 2020-- Moody's Investors Service upgraded SolarWinds Holdings, Inc.' s Corporate Family Rating to B1 from B2 and upgraded its Probability of Default Rating to B1-PD from B2-PD.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SolarWinds Holdings, Inc.. Global Credit Research- 04 Apr 2019. New York, April 04, 2019-- Moody's Investors Service has completed a periodic review of the ratings of SolarWinds Holdings, Inc. and other ratings that are associated with the same analytical unit.

SolarWinds Holdings, Inc.: Update to Credit Opinion

SolarWinds' (B2, Positive) credit profile is constrained by the company's high leverage level but supported by the company’s strong cash generation.

Moody's changes SolarWinds' outlook to positive, affirms B2 CFR and as...

Rating Action: Moody's changes SolarWinds' outlook to positive, affirms B2 CFR and assigns SGL-1. Global Credit Research- 28 Jan 2019. New York, January 28, 2019-- Moody's Investors Service changed SolarWinds Holdings, Inc.' s rating outlook to positive from stable and assigned to the company an SGL-1 Speculative Grade Liquidity Rating.

SolarWinds Holdings, Inc.: Update to Credit Opinion

SolarWinds' (B2, Stable) credit profile is constrained by the company's high leverage levels and aggressive financial policies, but supported by the company’s strong cash generation.

SolarWinds Holdings, Inc.: Update to Credit Opinion

SolarWinds' (B2, Stable) credit profile is constrained by the company's high leverage levels and aggressive financial policies, but supported by the company’s strong cash generation.

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