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The Hong Kong-based company has a balance sheet full of cash. This year, it will produce record profits and trade at the lowest ratios in its history Continue reading...
Moody's Investors Service said that Verifone Systems, Inc.'s B2 Corporate Family Rating and the B2 ratings for the 1st lien credit facilities are not affected by the company's plans to upsize the incremental 1st lien term loan offering by $200 million, to $425 million. The ratings outlook is stable. This publication does not announce a credit rating action.
Moody's Investors Service ("Moody's") affirmed Verifone Systems, Inc.'s (Verifone) B2 Corporate Family Rating (CFR) and the Caa1 rating for its 2nd lien credit facilities, and downgraded the ratings for the 1st lien credit facilities to B2, from B1. The outlook is stable.
The September jobs report will be the top economic event of the week while markets will also remain focused on the two biggest stories of last week, this week — Kavanaugh's confirmation and Musk's SEC settlement.