Sungard Availability Services Capital Inc. -- Moody's downgrades Sungard Availability Services's CFR to B3; outlook stable

New York, May 24, 2016 -- Moody's Investors Service ("Moody's") downgraded Sungard Availability Services Capital, Inc.'s ("Availability Services") corporate family and probability of default ratings ("CFR" and "PDR", respectively) to B3 and B3-PD from B2 and B2-PD, respectively. In addition, Moody's downgraded the ratings on the $250 million senior secured revolving credit facility due 2018 and $1.025 billion senior secured term loan due 2019 to B1 from Ba3 and the $425 million senior unsecured notes due 2022 to Caa2 from Caa1. The rating outlook was changed to stable from negative.

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