Moody's: Cornerstone loan B2

Moody's Investors Service said it assigned B2 corporate family and probability of default ratings to Cornerstone Healthcare Group Holding, Inc.

Moody's also assigned a B2 (LGD 3, 45%) rating to the company's proposed $150 million senior secured term loan.

The outlook is stable.

Moody's said the proceeds of the loan will be used to refinance a portion of the company's existing debt and for general corporate purposes.

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