New York, January 07, 2014 -- Moody's Investors Service affirmed Verint Systems Inc.'s B1 corporate family rating and B1-PD probability of default rating, revised its ratings outlook to stable from positive and revised its speculative grade liquidity rating to SGL-2 from SGL-1 after the announcement of the acquisition of KANA Software Inc.Verint is acquiring KANA for $514 million and financing the acquisition with a combination of cash on hand and debt. The ratings on the existing debt instruments will depend on the final capital structure but are not anticipated to change based on the company's preliminary plans.
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