Moody's upgrades Gentiva

Moody's Investors Service said it upgraded Gentiva Health Services, Inc.'s (dba Kindred at Home) corporate family rating to Ba2 from B1, probability of default rating to Ba2-PD from B1-PD, and the first-lien senior secured credit facilities to Ba2 from B1.

The outlook is stable.

At the same time, Moody's assigned a speculative grade liquidity rating of SGL-1 (very good).

The upgrade reflects the company’s strong stand-alone performance, including revenue growth and cost control measures resulting in solid free cash flow generation, which supports its very good liquidity, Moody’s said in a news release.

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