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CDK Global, Inc.: Update following placement of ratings on review for ...

Our credit view of this issuer reflects the recent announcement of the planned acquisition of the company by Brookfield Business Partners

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CDK Global, Inc.. Global Credit Research- 09 Dec 2021. New York, December 09, 2021-- Moody's Investors Service has completed a periodic review of the ratings of CDK Global, Inc. and other ratings that are associated with the same analytical unit.

CDK Global, Inc.: Debt reduction, accelerating growth bring leverage b...

CDK's leading market position in the North American dealer technology services industry and stable revenue base with strong profitability is offset by its small scale and financial leverage

Moody's says Acquisition of Roadster and recent debt repayments are cr...

Announcement: Moody's says Acquisition of Roadster and recent debt repayments are credit positive, in line with expectations after CDKI sale; ratings unaffected. Global Credit Research- 02 Jun 2021. New York, June 02, 2021-- Moody's Investors Service, said CDK Global, Inc.' s ratings are unaffected by the $360 million acquisition of Roadster Inc., a provider of omnichannel solutions to auto dealers.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CDK Global, Inc.. Global Credit Research- 05 Mar 2021. New York, March 05, 2021-- Moody's Investors Service has completed a periodic review of the ratings of CDK Global, Inc. and other ratings that are associated with the same analytical unit.

Moody's says CDK's ratings unaffected by announced sale of CDK Interna...

Announcement: Moody's says CDK's ratings unaffected by announced sale of CDK International business segment. Global Credit Research- 02 Dec 2020. New York, December 02, 2020-- Moody's Investors Service said CDK Global Inc.' s announced divestiture of its CDK International business segment is credit positive because CDK's remaining North America segment operates at a substantially higher margin than CDKI, and Moody's anticipates the company will use proceeds from the sale to...

CDK Global, Inc.: Sale of international segment is credit positive

CDK's credit profile improves with higher margin and reduced debt from the sale of its international segment.

CDK Global, Inc.: Leverage expected to decline despite COVID-19 slowdo...

CORPORATES CREDIT OPINION 4 September 2020 Update RATINGS CDK Global, Inc. Domicile United States Long Term Rating Ba1 Type LT Corporate Family Ratings Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Ignacio Rasero +1.212.553.1767

Moody's affirms CDK's Ba1 corporate family rating; outlook is stable

Rating Action: Moody's affirms CDK's Ba1 corporate family rating; outlook is stable. Global Credit Research- 04 Sep 2020. New York, September 04, 2020-- Moody's Investors Service, affirmed CDK Global, Inc.' s Ba1 corporate family rating, Ba1-PD probability of default rating and Ba1 senior unsecured rating.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CDK Global, Inc.. Global Credit Research- 21 May 2020. New York, May 21, 2020-- Moody's Investors Service has completed a periodic review of the ratings of CDK Global, Inc. and other ratings that are associated with the same analytical unit.

CDK Global, Inc.: Management expected to reduce leverage and repositio...

CDK will shift focus from margin improvement to revenue growth, while managing elevated leverage down to its target range through debt repayment and top line expansion.

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

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CDK Global, Inc.. Global Credit Research- 02 Aug 2019. New York, August 02, 2019-- Moody's Investors Service has completed a periodic review of the ratings of CDK Global, Inc. and other ratings that are associated with the same analytical unit.

Moody's: CDK's ratings unaffected by divestiture of advertising and we...

Announcement: Moody's: CDK's ratings unaffected by divestiture of advertising and website operations. Global Credit Research- 27 Jun 2019. New York, June 27, 2019-- Moody's Investors Service said CDK Global Inc.' s announced divestiture of its advertising and website business is credit positive.

CDK Global, Inc.: Divestiture of advertising and website operations wi...

CDK will focus on the more profitable and stable dealer software business. We expect management to maintain leverage within the existing target range

CDK Global, Inc.: Covenant Quality Post-Sale Snapshot: $500m 5.25% Sen...

CDK Global, Inc.'s covenant package is HY-Lite, and thus receives a CQ score of 5.00.

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