E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/24/2011 in the Prospect News Bank Loan Daily.

Moody's: Caris unchanged

Moody's Investors Service said Caris Diagnostics, Inc.'s move to seek an amendment to its credit facility has no immediate impact on the company's ratings or outlook, including the B2 corporate family rating and B3 probability of default rating.

If the company can complete the necessary amendment to prevent a breach of the financial covenants, Moody's said it would expect to maintain the current ratings and stable rating outlook.

Moody's said it could take negative rating action if the amendment cannot be completed in a timely manner.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.