Moody's gives WCA Waste loans B1

Moody's Investors Service said it assigned B1 ratings to WCA Waste Corp.'s $100 million revolving credit facility and $272 million term loan, which will replace facilities of the same size.

Moody's also affirmed the company's B2 corporate family, B3-PD probability of default and $3 million notes Caa2 ratings.

The ratings on the outstanding revolver and term loan will be withdrawn upon closing of the new loans.

The outlook is stable.

Moody's said it views the liquidity profile to be adequate. The replacement $100 million revolving credit expires in March 2017. $88 million of availability existed year-end 2012, net of letter of credit utilization, a good amount for the company's size.

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