Moody's rates Mirion loan B1

Moody's Investors Service said it assigned a B1 corporate family rating and a B2 probability of default rating to Mirion Technologies, Inc.

The agency also said it assigned a B1 (LGD 3, 32%) rating to its new $25 million revolver and $200 million first-lien term loan.

The outlook is stable.

The ratings reflect the company's small revenue base and niche market focus, Moody's said.

The ratings also are constrained by a large level of goodwill and intangibles on its balance sheet relative to its low levels of equity and tangible property, plant and equipment, the agency said.

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