Moody's assigns Broadlane B2, loan Ba3

Moody's Investors Service said it assigned a B2 corporate family rating to Broadlane, Inc.

Moody's said it also assigned a Ba3 rating to Broadlane's proposed senior secured credit facilities, consisting of a $15 million revolver and a $135 million term loan.

The outlook is stable.

This is the first time Moody's has assigned ratings to Broadlane.

According to the agency, the B2 corporate family rating reflects the company's modest size with revenue of only $145 million for the 12 months ended March 31.

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