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Go Daddy Operating Company, LLC -- Moody's upgrades GoDaddy's CFR to Ba2; outlook is stable

Moody's Investors Service ("Moody's") upgraded Go Daddy Operating Company, LLC's ("GoDaddy") Corporate Family Rating (CFR) to Ba2 from Ba3, Probability of Default Rating (PDR) to Ba2-PD from Ba3-PD, and its senior secured first lien credit facility (including revolving credit facility and term loan) ratings to Ba2 from Ba3. Additionally, the Speculative Grade Liquidity Rating (SGL) was affirmed at SGL-1. The upgrade of GoDaddy's CFR to Ba2 reflects consistent track record of strong revenue and earnings growth and double digit percentage adjusted free cash to debt subsequent to the April 2017 Host Europe (HEG) acquisition.