S&P rates MedAssets loans BB-, notes B-

Standard & Poor's said it assigned a B+ corporate credit rating to MedAssets Inc., a preliminary BB- issue credit rating and a preliminary 2 recovery (70%-90%) rating to MedAssets' $750 million senior secured credit facility and a preliminary B- issue credit rating and a preliminary 6 recovery (0%-10%) rating to MedAssets' $360 million of senior unsecured notes due 2018.

The outlook is stable.

"The rating on MedAssets reflects the high leverage the company will have following the acquisition of competitor group purchasing organization Broadlane Group," S&P analyst Michael G said in a statement.

"The acquisition of The Broadlane Group only modestly improves our assessment of MedAssets' business risk profile by increasing the scale of its spend management business, which is composed primarily of its GPO," Berrian added.

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