New York, January 06, 2014 -- Moody's Investors Service has placed the ratings of Convergys Corporation ("Convergys") under review for downgrade, including the Ba1 corporate family rating (CFR). This action follows Convergys' announcement today that it has entered into a definitive agreement to acquire Stream Global Services, Inc., ("Stream Global", CFR and senior secured debt rated B1), a global provider of business processing outsourcing services, for $820 million. The ratings of Stream Global are not affected at this time, as the Stream Global debt is expected to be repaid upon closing with the ratings to be withdrawn then.

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