Moody’s assigns ViaWest loans B2

Moody's Investors Service said it assigned B2 ratings to ViaWest, Inc.'s new $375 million term loan B and $75 million senior secured revolving credit facilities.

Additionally, the agency affirmed the company's B2 corporate family rating, revised its probability of default rating to B2-PD from B3-PD and maintained the stable outlook.

Because the catalyst for the rating action is a refinance that does not materially affect relationships of debt or interest expense with cash flow, Moody’s said the transaction has no ratings implications and the new debt instruments are rated at the same ratings levels as the instruments they will replace.

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