S&P rates Genesys loans BB-

Standard & Poor's said it assigned a B corporate credit rating to Genesys, and a BB- rating to the company's proposed $50 million senior secured revolving credit facility due 2017 and the $575 million first-lien term loan due 2019.

The outlook is stable.

The recovery rating is one, indicating the agency's expectation for very high (90% to 100%) recovery in the event of a payment default.

"Our rating on Genesys reflects its competitive industry and 'highly leveraged' financial profile," S&P credit analyst Katarzyna Nolan said in a news release. "The company's high recurring revenues and stable cash flow generation partly offset these factors."

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