Moody's: Kentucky Data view positive

Moody's Investors Service said it affirmed Kentucky Data Link, Inc.'s corporate family and probability-of-default ratings at B2 and $240 million senior secured bank credit facility due 2014 and $40 million senior secured bank credit facility due 2012 at B1 (LGD3, 34%).

The outlook was changed to positive from stable.

The positive outlook reflects the company's performance over the past year, as it exceeded revenue and expense expectations and its success in achieving synergies from the Norlight acquisition, according to the agency.

The B1 corporate family rating reflects the company's small size, modest historical free cash flow, high pro forma leverage, greater likelihood of increased competition as the company grows and the ongoing integration of Norlight, Moody's said.

Ratings are supported by a track record of profitability, which is largely attributed to the company's strong position, the agency said.

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