Moody's rates Herbalife loans Ba3

Moody's Investors Service said it took several actions regarding its ratings on Herbalife International Inc. and its parent company, WH Holdings (Cayman Islands) Ltd.

Moody's assigned a Ba3 rating to Herbalife's proposed $225 million senior secured credit facilities and affirmed Herbalife's Ba3 ratings on its existing senior secured credit facilities, affirmed Holdings' Ba3 senior implied rating and revised the rating outlook to positive from stable and placed Holdings' B3 senior unsecured ratings and Herbalife's B2 senior subordinated rating on review for possible upgrade.

Moody's said the rating assignment, affirmation and outlook revision reflect the benefits of company's proposed recapitalization, which will significantly reduce debt and interest expense and reposition the capital structure for future deleveraging through bank debt repayment.

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