New York, June 03, 2016 -- Moody's Investors Service ("Moody's") today affirmed Prospect Medical Holdings, Inc.'s (Prospect Medical) B1 Corporate Family Rating and B1-PD Probability of Default Rating. Moody's also assigned a Ba3 (LGD 3) rating to the company's proposed $650 million senior secured term loan B. The proceeds of the new term loan B, along with drawings under a $100 million asset based revolving credit facility (not rated by Moody's) will be used to refinance Prospect Medical's existing debt and fund three previously announced acquisitions in Connecticut and Pennsylvania. The rating outlook was revised to negative from stable.

Vollständigen Artikel bei Moodys lesen