Moody's lifts Prometric

Moody's Investors Service said it raised Prometric Inc.'s corporate family rating to B1 from B2, the probability of default rating to B1 from B2 and the rating on the senior secured credit facilities to Ba2 from Ba3.

The outlook was changed to stable from positive.

Specifically, the agency said that the $25 million senior secured revolving credit facility due 2012 was raised to Ba2 (LGD2, 19%) from Ba3 (LGD2, 24%) as well as the $129 million senior secured term loan due 2013 to Ba2 (LGD2, 19%) from Ba3 (LGD2, 24%).

The change in the corporate family rating to B1 reflects Prometric's improved operating performance and Moody's expectation that operating performance will continue to improve through new business.

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