New York, August 26, 2014 -- Moody's Investors Service upgraded Web.com Group Inc's ("Web.com") first lien senior secured credit facility ratings to Ba2 from Ba3 and maintained the company's positive ratings outlook. Additionally, Moody's affirmed the company's B1 corporate family rating ("CFR"), B1-PD probability of default rating ("PDR") and SGL-2 speculative grade liquidity rating. The company's first lien senior secured credit facility consists of a $70 million revolving credit facility due 2016 and a $305 million (outstanding) term loan due 2017. The upgrade of the instrument level ratings is in accordance with Moody's Loss Given Default ("LGD") methodology and was prompted by a shift in the mix of secured and unsecured debt in Web.com's capital structure.
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