Moody’s revises SS&C to stable

Moody's Investors Service said it affirmed SS&C Technologies Holdings, Inc.'s Ba3 corporate family rating, Ba3-PD probability of default rating and the Ba3 ratings for the new senior secured credit facilities being issued by the subsidiaries of SS&C.

The agency also affirmed the SGL-1 speculative grade liquidity rating and changed the outlook to stable from negative.

Moody’s said the outlook revision considers SS&C's increased pro forma cash balance which will likely reduce the need to rely on debt for future acquisitions. The agency expects SS&C to reduce gross leverage at an accelerated pace following the pending acquisition of DST Systems, Inc.

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