Moody's affirms Kinetic Concepts

Moody's Investors Service said it affirmed the long-term ratings of Kinetic Concepts, Inc., including the Ba2 corporate family rating and Ba2 probability of default rating.

Concurrently, the agency said it upgraded the rating on the senior secured credit facility to Baa3 from Ba1 in accordance with the application of Moody's loss given default methodology, given the considerable reduction in the size of the term loan due to debt repayment since 2008.

The outlook remains stable.

© 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.