Moody’s affirms SS&C Technologies

Moody's Investors Service said it affirmed SS&C Technologies Holdings, Inc.'s Ba3 corporate family rating and the Ba3 rating on the senior secured credit facilities at its subsidiaries.

The outlook remains stable.

The agency said the action was prompted by SS&C's announcement that it plans to acquire Intralinks Holdings, Inc. from affiliates of Siris Capital Group for $1.5 billion.

“The acquisition of Intralinks will expand SS&C's customer base and add secure information sharing technology to SS&C's portfolio of services with opportunities for cross-selling services to a larger customer base,” Moody’s said in a news release.

“SS&C will finance the acquisition of Intralinks with $1 billion of new debt and $500 million of common stock.”

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