Moody’s reviews Micro Focus

Moody's Investors Service said it placed Micro Focus International plc’s B1 corporate family rating and B1-PD probability of default rating, as well as the B1 senior secured facilities issued by MA FinanceCo., LLC, on review for downgrade.

"The review was triggered by Micro Focus' announcement of its merger proposal with the Software Business Segment of Hewlett Packard Enterprise (HPE Software) which is much larger in size than Micro Focus,” Falk Frey, Moody’s senior vice president and lead analyst for Micro Focus, said in a news release.

“The transaction with a value of $8.8 billion will result in an estimated Moody's adjusted leverage of close to 4 times."

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