Moody's assigns Ba3 to Hill-Rom notes

Moody’s Investors Service said it assigned a Ba3 rating to Hill-Rom Holdings, Inc.’s new senior unsecured notes.

Hill-Rom's existing ratings, including its Ba2 corporate family rating, Ba2-PD probability of default rating, the Ba3 rating on the existing senior unsecured notes (with guarantees from operating subsidiaries), and B1 rating on existing senior unsecured debentures (without guarantees from operating subsidiaries), remain unchanged.

Proceeds from the notes will be used to refinance the existing $425 million senior unsecured notes that mature in 2023.

The outlook is stable.

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