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Prospect News home > News index > List of issuers B > Headlines for Bright Horizons Family Solutions, Inc. > News item |
Moody's plans to rate Bright Horizons loan Ba2
Moody's Investors Service said it affirmed Bright Horizons Family Solutions LLC's B2 corporate family rating and the Ba2 rating on the senior secured credit facilities.
Moody's said it expects to assign a Ba2 rating to the proposed incremental $85 million term loan B facility due 2017.
The outlook remains stable.
This action was prompted by the company's planned acquisition of a London-based company that operates 27 nurseries.
The affirmation reflects Moody's view that on a pro forma basis, the transaction does not materially change the company's credit profile, the agency said.
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