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Micro Focus International plc -- Moody's changes Micro Focus' outlook to stable from negative; affirms ratings

Moody's Investors Service today affirmed Micro Focus International plc's B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR), as well as the ratings on the bank facilities borrowed at subsidiaries MA FinanceCo., LLC and Seattle Spinco, Inc. Concurrently Moody's also changed the outlook to stable from negative. The affirmations reflect the company's improved positioning at B1 following solid results in the year ending October 2018 and integration progress of the former HPE Software business and legacy Micro Focus operations.