Moody’s changes American Dental view to negative

Moody’s Investors Service said it revised the outlook for American Dental Partners, Inc.’s to negative from under review.

“The change of outlook to negative reflects the downside risks of a more severe or prolonged virus impact than Moody’s currently forecasts. Further, the negative outlook reflects modest liquidity cushion should operating results deviate negatively from Moody’s current forecasts,” Moody’s said in a press release.

The agency also confirmed the company’s ratings, including the corporate family rating at B3, the probability of default rating at B3-PD, and the first-lien senior secured debt rating at B2.

This concludes the rating review started on March 27, Moody’s said.

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