Moody's: Fresenius notes Ba2

Moody's Investors Service said it assigned a provisional Ba2 rating to the proposed $1.5 billion of senior unsecured notes to be issued by Fresenius Medical Care US Finance II, Inc. and FMC Finance VIII SA, finance companies wholly owned by Fresenius Medical Care AG & Co. KGaA.

"The Ba2 rating on the new senior unsecured notes, which is one notch below the company's corporate family rating and is to be issued at the level of the financing subsidiaries, reflects the instrument's relative position in the capital structure of FME," Moody's vice president and lead analyst for FME, Alex Verbov, said in a press release.

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