Moody’s stabilizes AdaptHealth trend

Moody’s Investors Service said it changed its outlook for AdaptHealth, LLC to stable from negative and affirmed its ratings, including the B1 senior unsecured note rating. The SGL-1 speculative grade liquidity rating is unchanged.

“The outlook is revised to stable from negative as Moody's expects the company will continue to execute a growth strategy that relies on acquisitions but should be mostly funded with excess free cash flow. Moody's anticipates that AdaptHealth will continue its track record of successful acquisition integration and synergy realization,” the agency said in a press release.

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