08.10.2015 22:26:00
|
ProQuest LLC -- Moody's places ProQuest's ratings on review for downgrade following announced acquisition
New York, October 08, 2015 -- Moody's Investors Service (Moody's) has placed ProQuest LLC's (ProQuest) ratings on review for downgrade, including the B2 corporate family rating , Ba2 First out revolver, and B2 1st lien term loan rating, following the announced acquisition of Ex Libris Group which is a global provider of library automation solutions. The review for downgrade will focus on the leverage levels and interest coverage pro-forma for the acquisition as well as the improvement in the strategic position of the combined entity. We anticipate any downgrade to be limited to one notch.