Moody's drops Jobson to Caa1

Moody's Investors Service said it downgraded Jobson Medical Information LLC's corporate family rating to Caa1 from B3, the probability-of-default rating to Caa2 from Caa1 and the first-lien senior secured credit facility to Caa1 (LGD3, 33%) from B3 (LGD3, 35%).

The downgrade reflects recent deterioration in Jobson's key credit metrics and liquidity profile and expectation that operating results will continue to be challenged throughout 2009, the agency said.

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