Moody’s gives U.S. Anesthesia facilities B1, Caa1

Moody's Investors Service said it assigned a B2 corporate family rating and a B2-PD probability of default rating to U.S. Anesthesia Partners, Inc.

The agency also assigned a B1 rating to the company's proposed first-lien credit facilities and a Caa1 rating to its proposed second-lien term loan.

The outlook is stable.

Moody’s said the B2 corporate family rating reflects its expectations that the company's financial leverage will remain high with debt/EBITDA expected to remain around 6 times over the next 12 to 18 months.

The ratings also reflect U.S. Anesthesia's geographic concentration, as it operates in only five states, with the majority of revenue derived from Texas, the agency added.

© 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.