Moody's rates AMN loan Ba2

Moody's Investors Service said it assigned Ba2 ratings to AMN Healthcare Services Inc.'s proposed $250 million first-lien senior secured credit facilities.

The agency said it also affirmed the Ba3 corporate family rating, raised the short-term liquidity rating to SGL-2 from SGL-3 and revised the probability of default rating to B1 from Ba3.

The outlook is stable.

The agency said the assigned ratings are based on a proposed refinancing for AMN.

"Completion of the proposed refinancing transaction would alleviate our concerns about AMN's ability to meet the required amortization payments and covenant tests of its current credit facilities, and AMN would remain on track for credit metrics to return to levels appropriate for the rating category by the end of 2012," said Moody's analyst Ben Nelson in a news release.

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