Moody’s pulls RPX ratings

Moody’s Investors Service said it withdrew the ratings for RPX Corp., including the B3 corporate family rating, the Caa1-PD probability of default rating, and the B3 senior secured ratings. The agency also withdrew the stable outlook.

This withdrawal reflects the company’s prepayment of all remaining obligations of about $88.4 million under the senior secured term loan and the credit agreement’s termination. “In line with Moody’s practice, the agency is withdrawing ratings due to the rated obligation no longer being outstanding,” the agency said in a press release.

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