Moody's changes Skillsoft view to positive, rates loan B2

Moody's Investors Service said it affirmed Skillsoft Finance II, Inc.’s B2 corporate family rating, B2-PD probability of default rating and the B2 rating on the company's senior secured term loan. The speculative grade liquidity rating of SGL-2 is unchanged.

Concurrently, Moody's said it assigned a B2 rating to the company's proposed $160 million incremental first-lien senior secured term loan.

The outlook is changed to positive from stable.

“The change of outlook to positive reflects the recent improvement in performance and Moody's expectations for solid organic revenue growth and improved profitability,” Moody’s said in a news release.

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