Month: January 2021

Rackspace Technology Global, Inc. — Moody’s assigns B1 to Rackspace’s new term loan

Rating Action: Moody’s assigns B1 to Rackspace’s new term loan

Global Credit Research – 26 Jan 2021

New York, January 26, 2021 — Moody’s Investors Service (Moody’s) has assigned a B1 rating to Rackspace Technology Global, Inc.’s (Rackspace) proposed $2.2 billion seven-year senior secured term loan B. The net proceeds from the proposed term loan issuance will be used in conjunction with other secured debt to fully refinance the company’s existing $2.8 billion term loan B due 2023. All other ratings including the company’s B2 corporate family rating (CFR) and stable outlook are unchanged.


..Issuer: Rackspace Technology Global, Inc.

….Senior Secured Bank Credit Facility, Assigned B1 (LGD3)


Rackspace’s B2 CFR reflects its high but moderately decreasing leverage, intensely competitive end markets which include large multi-national providers and risks to sustainability of business model evolution despite turnaround evidence and solid growth over recent quarters. The rating is also

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UK public supports usage of tracking technology and immunity passports in global pandemic

Newswise — New research suggests the majority of people in the UK are willing to use privacy-encroaching tracking technology and support the introduction of ‘immunity passports’ to protect themselves and others in the COVID-19 pandemic.

The study, published today in the journal PLOS ONE, found more than two thirds of respondents overall would accept some form of smartphone tracking app to help manage social distancing and the relaxation of a full public lockdown.

However, its findings are not reflected in the number of people who have downloaded the NHS Test and Trace app, prompting calls for this issue to be addressed.

Lead author Professor Stephan Lewandowsky, Chair in Cognitive Psychology at the University of Bristol, said: “Attitudes were surprisingly permissive and this is good news for public health. But there appears to be a significant gap between what people say they’re willing to do and what they actually do,

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Global Contactless Biometrics Technology Market Report 2020: Market is Expected to Reach $22.44 Billion by 2026, Growing at a CAGR of 18.3% from 2019 to 2026 | News

DUBLIN, Jan. 19, 2021 /PRNewswire/ — The “Global Contactless Biometrics Technology Market Analysis 2020” report has been added to‘s offering.

The Global Contactless Biometrics Technology market is expected to reach $22.44 billion by 2026 growing at a CAGR of 18.3% from 2019 to 2026.

Biometrics can be defined is the technique used to recognize and record a person’s unique traits by an electrical device. Contactless biometric technology offers the use of touchless authentication technology, which provides a safer mode based on hygiene and convenience.

Factors such as rising demand for the high level of security, increasing focus on hygiene, and technological advancements are driving the growth of the market. However, the possibility of data theft is restraining the growth of the market.

Based on the application, the iris segment is going to have a lucrative growth during the forecast period as an iris-based system is accurate, fast,

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