London, 09 January 2014 -- Moody's Investors Service has today affirmed the B2 corporate family rating (CFR) and B3-PD probability of default rating (PDR) of Shield HoldCo Ltd. ("Sophos" or "the company"), a leading IT provider headquartered in the UK. Concurrently, Moody's has assigned a (P)B2 rating to the new USD30 million revolving credit facility (RCF) and USD400 million Term Loan B raised by Shield Finance Co Sarl. to refinance the existing Term Loan A, Term Loan B, and RCF. Ratings of the existing Term Loan A, Term Loan B, and Revolving Credit Facility will be withdrawn once the refinancing is effective. The outlook on all the ratings remains negative.

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