New York, October 31, 2014 -- Moody's Investors Service assigned a B3 corporate family rating ("CFR") and B3-PD probability of default rating ("PDR") to NAVEX Acquisition, LLC ("NAVEX"). In addition, Moody's assigned a B2 rating to the company's proposed first lien credit facilities, consisting of a $20 million revolving credit facility due 2019 and a $200 million senior secured term loan due 2021. Moody's also assigned a Caa2 rating to NAVEX's proposed $90 million second lien term loan due 2022. The rating outlook is stable. This is a newly initiated rating and this is Moody's first press release for this issuer.

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