Moody's rates Open Link Financial B2, loan Ba3

Moody's Investors Service said it assigned a first-time corporate family rating of B2 to Open Link Financial, Inc., along with a Ba3 rating to its proposed first-lien debt facilities.

The proceeds, along with subordinated debt and new equity, will be used to finance the acquisition of the company by funds affiliated with the private equity group, Hellman & Friedman.

The proceeds from the financing also will be used to finance the acquisition of SolArc, Inc. by Open Link, Moody's said.

The outlook is stable.

The ratings reflect the very high leverage as a result of the buyout and SolArc acquisition, the agency said, offset by the strength of Open Link's high growth prospects as a result of its lead position in the fast growing energy and commodity trading risk management software industry.

The ratings also acknowledge the company's relatively short history albeit with strong organic growth and higher reliance on service revenues relative to other software providers, Moody's said.

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