Moody's assigns MCS AMS loans B2

Moody's Investors Service said it assigned MCS AMS Sub-Holdings LLC a B2 corporate family rating, B3-PD probability of default rating and a B2 rating to the proposed senior secured debt instrument.

The outlook is stable.

The proceeds of the new term loan will be used repay existing debt, purchase the equity of Mortgage Contracting Services LLC and pay associated fees and expenses.

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