Moody's ups MMM

Moody's Investors Service said it upgraded the senior debt ratings of MMM Holdings, Inc., NAMM Holdings, Inc. and Preferred Health Management Corp. to B3 from Caa1 following the announcement that the company has renegotiated the terms of its credit facility.

The agency said it also upgraded MMM's corporate family rating to B3 from Caa1 and the insurance financial strength ratings of MMM Healthcare and PrimeCare Medical Network to Ba3 from B1.

The outlook is stable.

Moody's added that this rating action concludes the review that was announced on June 17 when it placed the ratings under review with direction uncertain.

© 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.