Moody’s rates MDVIP B3, facilities B2

Moody's Investors Service said it assigned a B3 corporate family rating and B3-PD probability of default rating to Jagger Merger Sub Inc. (MDVIP, LLC).

The agency also assigned B2 (LGD 3) ratings to the senior secured first-lien credit facilities.

The outlook is stable.

Moody’s said the B3 rating reflects MDVIP's modest scale, very high financial leverage as well as the company’s singular business focus, high marketing costs and an expectation that the company will operate with aggressive financial policies.

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