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Moody's assigns MSC loans B1, Caa1
Moody's Investors Service said it assigned a B2 corporate family rating and B2-PD probability of default rating to MSC Software Corp.
The agency also assigned a B1 rating to its proposed first-lien debt and Caa1 to its proposed second-lien debt.
The outlook is stable.
The new debt will be used to refinance existing debt and pay a distribution to shareholders.
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