Symantec Corporation -- Moody's places Symantec on review for downgrade

New York, October 09, 2014 -- Moody's Investors Service placed Symantec Corp.'s Baa2 senior unsecured ratings under review for downgrade after the company announced it was planning to spin-off its information management business from its consumer and enterprise software security businesses. Details of the transaction, including the final capital structure, strategy for the remaining business and financial policies have not been disclosed. The separation is expected to be completed by the end of December 2015. The review will focus on the final capital structure of the surviving entit(ies), shareholder distribution plans and prospects for the remaining businesses.

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