NEW YORK (Standard&Poor's) Feb. 15, 2013--Standard&Poor's Ratings Services today assigned a 'BB-' rating to U.S.-based security and business intelligence provider Verint Systems Inc.'s $650 million first-lien term loan maturing in 2019 and $200 million revolver maturing in 2018. The recovery rating is '3', indicating our expectation of meaningful (50% to 70%) recovery in the event of a payment default. The company is amending and extending its existing facilities and upsizing them both. Our 'BB-' corporate credit rating on Melville, N.Y.-based Verint is unchanged. The ratings on Verint are based on our assessment of the company's "weak" business risk profile, reflecting reliance on a specialized product offering within the highly competitive software industry, and its "significant" financial
