Moody's may drop infoGROUP

Moody's Investors Service said it placed infoGROUP Inc.'s Ba3 corporate family rating, B1 probability of default rating, and the Ba2 rating on its senior secured credit facilities under review for possible downgrade.

The ratings review was prompted by infoGROUP's recent announcement that it has entered into an agreement to be acquired by affiliates of CCMP Capital Advisors, LLC for $635 million, representing a 6.9 times multiple based on 2009 reported adjusted EBITDA, the agency said.

The agency added that the transaction, which is expected to close early this summer, is likely to increase debt levels.

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