Moody's: Quintiles view to positive

Moody's Investors Service said it affirmed the ratings of Quintiles Transnational Holdings Inc. (the parent company of Quintiles Transnational Corp.), including the B1 corporate family rating and the B1-PD probability of default rating.

In addition, Moody's changed the outlook to positive from stable and assigned a speculative grade liquidity rating of SGL-1, reflecting Moody's expectations for very good liquidity.

The positive outlook reflects the agency's expectation for improvement in credit metrics following about $350 million of debt repayment with proceeds from the company's recent initial public equity offering.

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