Moody’s rates Internet Brands B3

Moody's Investors Service said it assigned a B3 corporate family rating, B3-PD probability of default rating and stable outlook to MH Sub I, LLC (Internet Brands) and withdrew all ratings at Internet Brands, Inc. following a reorganization of the corporate structure.

The rated debt instruments residing at MH Sub I and co-borrower Micro Holding Corp. will be dissociated from Internet Brands.

MH Sub I, which operates using the Internet Brands trade name, is the senior most legal entity in the revised corporate structure for which Moody's maintains debt instrument ratings comprising the Internet Brands/Web MD credit obligor group related to the Sept. 15 debt financing.

Internet Brands, is now the legal holding company and guarantor with respect to the recently assigned credit and debt instrument ratings at Autodata, Inc. Autodata was removed from the Internet Brands/Web MD restricted group prior to closing the Web MD transaction, the agency explained.

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