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Moody's assigns MMM B2
Moody's Investors Service said it assigned a B2 corporate family rating to MMM Holdings, Inc.'s, noting it previously assigned a provisional B2 senior debt rating to MMM and NAMM Holdings, Inc.'s proposed $420 million senior secured bank credit facility.
The outlook is stable.
Moody's said its B2 corporate family rating is based on the consolidated results of MMM and NAMM and reflect the companies' highly leveraged capital structure, including the large amount of goodwill, the company's short operating history, limited product offering and geographic area, as well as the uncertainty which surrounds the future financial prospects of the Medicare program.
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