Moody's assigns Acxiom loan Ba2

Moody's Investors Service said it assigned a Ba2 rating to Acxiom Corp.'s $372 million senior secured term loan maturing March 15, 2015 and $120 million senior secured revolving credit facility expiring March 15, 2014.

Concurrently, Moody's said it affirmed Acxiom's Ba2 corporate family rating and Ba3 probability of default rating.

Furthermore, the outlook for Acxiom has been revised to stable from negative based on the company's demonstrated ability to reduce its cost structure and maintain profitability and good free cash flow while also paying down a modest amount of debt during an economic downturn, the agency said.

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