Moody's rates Advanced Homecare B3, loan B2

Moody's Investors Service said it assigned a B3 corporate family rating to Advanced Homecare Holdings, Inc. and a B2 rating to the company's first-lien credit facility.

Moody's said it also assigned a Caa2 rating to Advanced Homecare's second-lien term loan.

The outlook is stable.

The agency noted that the B3 rating reflects the company's small size, high leverage and limited operating history.

The ratings also incorporate Moody's concerns regarding the size and pace of the company's acquisition activity, the company has completed four large acquisitions since June 2006, which represents 30% of the company's pro forma revenues for the 12 months ended June 30.

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