New York, September 20, 2013 -- Moody's Investors Service downgraded the ratings of the non-tendered 4.25% and 4.50% senior unsecured notes due 2022 of BMC Software Inc. to Caa1 from Baa2, rating under review. BMC Software Inc. is a subsidiary of BMC Software Finance Inc. (B2 corporate family rating). BMC Software Finance Inc. was set up to finance the acquisition of BMC Software Inc. by a group of private equity firms led by Bain Capital and Golden Gate Capital.

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