Moody’s rates NaviHealth loans B3

Moody's Investors Service said it assigned a B3 corporate family rating and B3-PD probability of default to Nomad Buyer, Inc. (NaviHealth).

At the same time, Moody's assigned B3 ratings to the company's $525 million first-lien senior secured credit facilities, including a $100 million revolver and a $425 million term loan.

The outlook is positive.

“The B3 corporate family rating reflects NaviHealth's high financial leverage, moderate but growing scale, and limited operating track record as a stand-alone company,” the agency said in a news release.

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