Moody’s rates EIG, facilities Ba2

Moody's Investors Service said it assigned a corporate family rating of Ba2 to EIG Management Co. LLC with a stable outlook.

The agency also assigned a Ba2-PD probability of default rating and Ba2 ratings to the company’s $220 million senior secured term loan B and $25 million senior secured revolving credit facility.

Moody’s said the Ba2 corporate family rating reflects EIG's market position among rated asset managers and gives particular consideration to its 35-year experience sponsoring mezzanine debt or structured-equity, secured direct-lending, or private equity funds.

The long-term performance of EIG's investment funds and the expected growth of assets under management from its current fundraising activities support the rating at this level, the agency added.

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