Moody's boosts AMR

Moody's Investors Service said it upgraded the corporate family and probability of default ratings of AMR Holdco, Inc. to Ba2 from Ba3.

AMR Holdco and EmCare Holdco Inc. are co-issuers and operated through a holding company, Emergency Medical Services LP, which is in turn owned by Emergency Medical Services Corp., the agency noted.

Moody's said it concurrently upgraded the ratings on the Emergency Medical's debt instruments and affirmed the company's speculative-grade liquidity rating at SGL-2.

The outlook is stable.

According to the agency, the upgrade of the ratings reflects the continued improvement in financial metrics and its expectation that the company should continue to post favorable operating results as it benefits from both organic expansion of operations as well as moderate sized acquisitions.

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