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Moody’s might cut MedRisk
Moody's Investors Service said it placed the ratings of MedRisk, LLC under review for downgrade following the announcement that Carlyle Group will acquire a majority stake in the company.
The transaction is expected to close before the end of 2017.
“While financing details have not been provided, Moody's believes the company will have higher financial leverage following the leveraged buyout,” the agency said in a news release.
“The rating review will focus on the post transaction capital structure and the company's operating performance. If Moody's believes that leverage will be at or below 6 times within a year of the transaction it is unlikely that the CFR will be downgraded.”
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