New York, June 03, 2016 -- Moody's Investors Service, ("Moody's") today commented that Kindred Healthcare Inc.'s B1 Corporate Family Rating and B1-PD Probability of Default Rating are not impacted by the proposed amendment to the company's credit facility. The B2 (LGD 5) ratings on Kindred's senior unsecured notes are also not immediately impacted. However, the increase in the amount of secured debt in the capital structure associated with a proposed $200 million term loan add-on will likely result in a downgrade of the ratings on the company's senior unsecured notes to B3 (LGD 5) if the transaction is closed as contemplated.
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