Moody's: Genesys debt Ba3

Moody's Investors Service said it assigned the following ratings to the debt of the Genesys group: B2 corporate family and probability of default ratings and a Ba3 rating to the senior secured debt that is expected to be $600 million.

The outlook is stable.

Moody's said the B2 corporate family rating reflects Genesys' high financial leverage and the agency's expectation of moderate free cash flow relative to the debt, indicating limited ability to reduce debt quickly.

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