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07.09.2016 15:25:00
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VeriFone, Inc. -- Moody's says Verifone's lower revenue guidance is credit negative
New York, September 07, 2016 -- Moody's Investors Services ("Moody's") said that Verifone, Inc.'s weaker-than-expected revenues in the third fiscal quarter ended July 2016 and expectations of revenue decline in 2017 are credit negative. The company's declining revenues and EBITDA will cause its leverage to remain at the higher end of expected range. However, Verifone's Ba2 Corporate Family Rating and stable ratings outlook are not affected at this time.
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