Moody’s assigns DaVita notes Ba3

Moody’s Investors Service said it assigned a Ba3 rating to DaVita Inc.'s proposed senior unsecured global notes due 2030.

Proceeds will be used along with cash to repay DaVita’s senior unsecured global notes due 2024, including the associated call premium, accrued interest, and fees and expenses.

“Moody’s views the transaction as a credit positive, as it will modestly reduce DaVitas annual interest expense and lengthen its maturity profile,” the agency said in a press release.

There is no change to DaVita’s other ratings, including its Ba1 senior secured rating and Ba3 unsecured rating, Moody’s said. There is also no change to the stable outlook.

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