-Neustar gets SGL-1 rating from Moody's.
M2 EQUITYBITES-November 30, 2011--Neustar gets SGL-1 rating from Moody's(C)2011 M2 COMMUNICATIONS http://www.m2.com
30 November 2011 -- Moody's said Tuesday it had given an SGL-1 speculative grade liquidity (SGL) rating to US directory and policy management services provider Neustar Inc (NYSE:NSR).
The rating implies "very good liquidity".
The company was recently set Ba2 corporate family and Ba3 probability of default ratings in connection with its USD650m (EUR488.2m) takeover of on-demand information and analytical solutions provider TARGUSinfo.
The rating outlook is "stable".
Pro forma for the loan offering, takeover and stock repurchase, Neustar will have some USD60m in cash or equivalents as well as an undrawn USD100m revolver, Moody's said. Besides, according to the agency, the company will be able to generate ample cash from operations to finance capital expenditures and continued share repurchases.
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