Moody's ups Omnicare convertibles to B1

In connection with the release of its new probability-of-default and loss-given-default ratings, Moody's Investors Service said it assigned a Ba2 probability-of-default rating to health care services and distribution company Omnicare, Inc., upgraded the company's convertible senior debentures to Ba3 from B1 and assigned a loss-given default rating of LGD5, 82%, to the convertibles.

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