Moody’s rates AssuredPartners loan B2

Moody’s Investors Service said it assigned a B2 rating to a $500 million senior secured term loan being issued by AssuredPartners, Inc.

The agency downgraded AssuredPartners’ senior secured bank facility rating to B2 on Jan. 19.

The company will use the proceeds for general corporate purposes including funding acquisitions and paying related fees and expenses.

The outlook is unchanged at stable.

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