Moody's rates Altisource loan B1

Moody's Investors Service said it assigned a B1 corporate family rating to Altisource Solutions Sarl as well as a B1 senior secured bank credit facility rating to the company's planned $200 million senior secured term loan.

The outlook is stable.

Moody's said the B1 rating is largely driven by the company's high reliance on Ocwen. Altisource was spun off from Ocwen in 2009 and currently derives approximately 60% of overall revenue from Ocwen.

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