Moody's: Emdeon unchanged

Moody's Investors Service said the B1 corporate family and probability of default ratings of Emdeon Business Services are unaffected by the pending acquisition by Blackstone Capital Partners for about $3 billion.

The outlook is positive.

After the transaction, Blackstone will be the majority owner with Hellman & Friedman maintaining a minority equity position, Moody's said.

The transaction is expected to close in the second half of 2011. At the close of the transaction, Moody's said it expects that the company's current outstanding debt will be repaid as required by the change of control provision in the credit agreement for its existing bank facilities.

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