08.01.2015 02:51:00
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Brocade Communications Systems, Inc. -- Moody's rates new convertible notes Ba2; affirms Brocade's Ba2 Corporate Family Rating
New York, January 07, 2015 -- Moody's Investors Service ("Moody's") affirmed Brocade Communication Systems Inc.'s (Brocade) Ba2 Corporate Family Rating and assigned a Ba2 rating to the proposed convertible notes. The Ba2-PD probability of default rating and the existing ratings of the secured and unsecured notes remain unchanged until closing of the transaction. The ratings outlook is stable.