Vonage Refinancing Eliminates Need for Public Ratings

Vonage Holdings VG announced today that as a result of the full repayment of its institutional term loan last week, the ratings provided by Moody's and Standard and Poor's are no longer necessary. The most recent refinancing was the result of consistently strong financial results and is the second successful refinancing in the last eight months. Given that public ratings are no longer necessary, Moody's announced that it has withdrawn the ratings assigned to Vonage Holdings Corp. The discontinuance in ratings does not reflect a review by Moody's of Vonage's financial strength or outlook.