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Prospect News home > News index > List of issuers C > Headlines for CP VI Bella Midco LLC > News item |
S&P gives MedRisk B; facilities B, CCC+
S&P said it assigned its B long-term issuer credit rating to CP VI Bella Midco LLC, CP VI Bella Topco LLC and CP VI Bella Blocker Topco LLC (collectively MedRisk).
The outlook is stable.
At the same time, the agency assigned B debt ratings to MedRisk's proposed five-year $60 million first-lien revolver and seven-year $445 million first-lien term loan. The recovery ratings are 3, indicating meaningful (60% rounded estimate) recovery in a payment default.
S&P also assigned a CCC+ debt rating to the proposed eight-year $200 million second-lien term loan. The recovery rating is 6, indicating negligible (0%) recovery.
The agency affirmed all of the ratings on MedRisk Midco LLC, MedRisk LLC and its existing debt.
“MedRisk's ownership change and increased debt load will not materially weaken our view of the credit,” the agency said in a news release.
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