Moody’s rates Hudson River, loan Ba2

Moody's Investors Service said it assigned Ba2 issuer and senior secured first-lien term loan ratings to Hudson River Trading LLC, with a stable outlook.

The company expects to borrow $250 million and will use the net proceeds to replenish funds used in its recently completed acquisition of Sun Holdings, LLC, to repay existing loans and for incremental trading capital and general corporate purposes.

Moody's said the Ba2 ratings reflect Hudson River’s strong profitable track record with low earnings volatility and healthy levels of maintained capital, with sustained oversight from a highly-engaged ownership and leadership team and a nurturing corporate culture that is typical of technology-focused companies.

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