Moody’s revises ServiceMaster view to stable

Moody's Investors Service said it affirmed ServiceMaster Co., LLC's B3 corporate family rating, B3-PD probability of default rating, Caa1 senior unsecured (guaranteed), Caa2 senior unsecured (not guaranteed) and SGL-2 speculative grade liquidity ratings.

The senior secured ratings were changed to definitive B2 from provisional B2 upon pricing of the company's initial public offering.

The outlook was revised to stable from negative.

Moody’s said the outlook change reflects ServiceMaster's reduced financial leverage and greater operating flexibility after the IPO that Moody's believes will provide ServiceMaster with time to attempt to reverse customer count declines at Terminix.

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