Moody's: Telcordia unchanged

Moody's Investors Service said Telcordia Technology Inc.'s sale to Ericsson is modestly profitable for its private equity investors despite appearances that the $1.15 billion price was less than the price investors paid for Telcordia in 2005.

Moody's said it expects the existing Telcordia debt will be repaid as part of the Ericsson transaction.

Telcordia has B3 ratings with a stable outlook. Ericsson has A3 ratings with a stable view.

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