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Published on 8/29/2013 in the Prospect News Bank Loan Daily.

Moody's cuts Merge Healthcare

Moody's Investors Service said it downgraded Merge Healthcare Inc.'s corporate family and senior secured ratings were downgraded to B3 from B2.

Additionally, the probability of default rating was downgraded to B3-PD from B2-PD and the SGL-3 speculative grade liquidity rating was affirmed.

The outlook remains stable.

"We expect weak demand for Merge's medical imaging products and services until late 2014, when phase 2 of the federal electronic health record (EHR) reimbursements should become available to their customers, potentially driving higher demand," Moody's senior analyst Edmond DeForest said in a news release.


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