New York, November 09, 2015 -- Moody's Investors Service ("Moody's") has assigned a first-time Ba1 corporate family rating (CFR) and a Ba1-PD probability of default rating (PDR) to Rackspace Hosting, Inc. ("Rackspace" or "the company"). Moody's has also assigned a Ba1 (LGD4) rating to the company's proposed senior unsecured notes due 2024 and an SGL-1 speculative grade liquidity rating reflecting Rackspace's very good liquidity. The proceeds from the notes will be used to repay the company's existing revolving credit facility and to fund a portion of its recently announced $1 billion share repurchase program. The outlook is stable.

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