New York, December 03, 2015 -- Moody's Investors Service affirmed iPayment, Inc.'s (iPayment) Caa1 corporate family rating (CFR), Caa1-PD Probability of Default Rating, and the existing ratings for iPayment's debt instruments. Moody's assigned a B2 rating to iPayment's $20 million revolving credit facility and affirmed the B2 rating on the senior secured term loan which will be upsized to $385 million. Moody's also withdrew iPayment's Speculative Grade Liquidity rating. The ratings have a stable outlook.
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