Moody’s cuts Viant Medical

Moody's Investors Service said it downgraded Viant Medical Holdings, Inc.'s corporate family rating to B3 from B2 and its probability of default rating to B3-PD from B2-PD.

Moody's also downgraded Viant's senior secured first-lien credit facility ratings to B2 from B1 and the secured second-lien term loan rating to Caa2 from Caa1.

The outlook is stable.

“The downgrade of ratings reflects weakened liquidity profile and increased financial leverage of the company as it executes full integration of Advanced Surgical and Orthopedic business acquired from Integer Holdings Corp. in July 2018,” the agency said in a news release.

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