Moody’s alters HT Global view to stable

Moody’s Investors Service said it changed the outlook to stable from under review and confirmed the B1 ratings on HT Global IT Solutions Holdings Ltd. and its senior unsecured rating on its $368 million of 7% senior notes due 2021.

"Today's rating action follows HT Global's announcement that it will redeem all current outstanding bonds on Sept. 8, 2020, thereby effectively addressing refinancing risk," said Sweta Patodia, a Moody's analyst, in a press release.

HT will draw on a syndicated loan facility to repay the notes.

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