Moody’s rates Mednax CFR, notes Ba2

Moody's Investors Service said it assigned a Ba2 corporate family rating and Ba2-PD probability of default rating to Mednax, Inc.

At the same time, the agency assigned a Ba2 rating to Mednax's proposed $500 million senior unsecured notes and a speculative grade liquidity rating of SGL-1.

The outlook is stable.

Proceeds will be used to repay borrowings under the company's $1.7 billion revolving credit facility expiring in 2019 (not rated).

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