Moody's: TridentUSA loans Ba3, Caa1

Moody's Investors Service said it assigned B2 corporate family and probability of default ratings to TridentUSA Health Services, LLC.

At the same time, Moody assigned a Ba3 rating to TridentUSA's proposed $50 million revolving credit facility and $175 million senior secured first-lien term loan, as well as a Caa1 rating to its proposed $100 million senior secured second-lien term loan.

The outlook is stable.

The proceeds will be used to refinance about $121 million of existing debt, fund a $144 million special dividend to shareholders and pay transaction expenses.

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