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Moody's withdraws SAI Global's ratings for business reasons

Rating Action: Moody's withdraws SAI Global's ratings for business reasons. Global Credit Research- 12 Oct 2021. Sydney, October 12, 2021-- Moody's Investors Service has withdrawn the Caa1 corporate family rating on SAI Global Holdings II Pty Ltd. and its positive outlook.

SAI Global Holdings II (Australia) Pty Ltd.: Update to credit analysis

Our credit view of this issuer reflects its recurring revenues in the Risk and Learning divisions.

SAI Global Holdings II (Australia) Pty Ltd.: Update to credit analysis

SAI's CFR of Caa1 reflects its weak liquidity and unsustainable capital structure over the next 12-18 months.

SAI Global Holdings II (Australia) Pty Ltd.: Update to credit analysis

SAI's CFR of Caa1 reflects its weak liquidity and unsustainable capital structure, exacerbated by structural headwinds facing its various business divisions over the next 12-18 months.

Moody's announces completion of a periodic review of ratings of SAI Gl...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SAI Global Holdings II Pty Ltd.. Global Credit Research- 24 Apr 2019. Sydney, April 24, 2019-- Moody's Investors Service has completed a periodic review of the ratings of SAI Global Holdings II Pty Ltd. and other ratings that are associated with the same analytical unit.

SAI Global Holdings II (Australia) Pty Ltd.: Credit Opinion

SAI's CFR of Caa1 reflects its weak liquidity, unsustainable capital structure exacerbated by structural headwinds facing its various business divisions over the next 12-18 months.

SAI Global Holdings II (Australia) Pty Ltd.: Credit Opinion

SAI's CFR of B3 reflects increased competitive pressure and structural headwinds facing its various business divisions with leverage expected to remain elevated over the next 12-18 months

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