New York, June 24, 2013 -- Moody's Investors Service confirmed VeriFone, Inc.'s (VeriFone) Ba3 Corporate Family Rating (CFR), its B1-PD probability of default rating, and the Ba3 rating for its senior secured credit facilities. Moody's confirmed VeriFone's ratings based on the company's strong market position, healthy free cash flow relative to debt, management's commitment to focus on debt reduction, and the rating agency's view that there is a reasonable chance that management will be successful in addressing recent execution missteps. The negative outlook reflects erosion in VeriFone's revenue and profitability that will result in elevated leverage over the next 12 to 18 months and the company's challenges in turning around its declining profitability. This concludes the ratings review that was initiated on March 13, 2013.

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