Moody's affirms GXS

Moody's Investors Service said it affirmed its ratings for GXS Worldwide, Inc., including the B2 corporate family rating, following the company's recent amendment to its credit agreement.

The outlook remains stable.

Moody's said that the amendment resulted in improved headroom under the company's bank covenants but at the cost of increased interest expense and amortization requirements.

While free cash flow levels should be sufficient to cover the increased amortization payments, the cushion is significantly reduced, Moody's added.

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