Moody’s lifts TriNet, facility to Ba3

Moody's Investors Service said it upgraded TriNet HR Corp.’s corporate family rating to Ba3 from B1, probability of default rating to Ba3-PD from B1-PD and senior secured bank facility to Ba3 from B1.

The outlook remains stable.

Moody’s said the upgrades were driven by continued improvement in TriNet's operating performance and the agency’s expectation for further reductions in debt leverage as the company continues to drive net customer growth and realize a recovery in profitability metrics following a period of softness stemming from elevated medical insurance claims in 2015.

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