| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HealthSouth Corp. > News item |
Moody’s rates HealthSouth notes Ba3
Moody's Investors Service said it assigned a Ba3 (LGD 4) rating to HealthSouth Corp.’s proposed offering of $175 million of senior unsecured notes due 2024.
HealthSouth's corporate family and probability of default ratings of Ba3 remain unchanged given the expectation that credit metrics will not be meaningfully impacted by this transaction.
The stable outlook is also unchanged.
Proceeds from the offering, which is an add-on to the company's existing 5¾% senior notes due 2024, along with amounts available under the company's revolver will be used to fund the redemption of the remaining outstanding amount of 7¾% notes due 2018.
HealthSouth's corporate family and probability of default ratings of Ba3 remain unchanged given the expectation that credit metrics will not be meaningfully impacted by this transaction. The stable outlook was also unchanged.
© 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.