Moody's ups InterDent outlook to stable

Moody's Investors Service said it changed the outlook for InterDent Service Corp. to stable from negative, reflecting its view of strengthening operating performance, notably, improving margins and reduced debt leveraged.

Concurrently, the corporate family and probability of default ratings were affirmed at Caa2 and senior secured notes were affirmed at Caa2, the agency said.

Moody's added that the stable outlook reflects InterDent's adequate liquidity profile as evidenced by its expectation for positive cash flow generation, unrestricted cash balances, and orderly access to the $10 million revolving credit facility that matures in June 2011 (not rated).

© 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.