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Moody's: West Corp. unaffected
Moody's Investors Service said it does not expect to take any immediate rating action following West Corp.'s announcement that it has filed for an initial public offering of its common stock.
West indicated in its Form S-1 filing that it intends to use part of the net proceeds from the offering to repay or repurchase indebtedness, the agency added.
The last rating action on West Corp. was on May 8, 2007, at which time Moody's said it lowered the senior secured credit facility rating to B1 from Ba3 while affirming all other credit and liquidity ratings.
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