Moody's confirms AGA

Moody's Investors Service said it confirmed AGA Medical Corp.'s B3 corporate family and probability-of-default ratings as well as the company's term loan and revolving credit facility at B2 (LGD3, 42% from 41%).

The outlook is positive. This concludes the review that began on Oct. 18 when the acquisition of AGA by St. Jude Medical was announced. St. Jude completed the acquisition on Nov. 18 and AGA's debt is expected to be fully repaid.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.