Moody’s ups Option Care SGL, changes view

Moody's Investors Service said it affirmed the corporate family rating of Option Care Health, Inc. at B3.

Moody's also affirmed the B3-PD probability of default rating and the B2 rating on the senior secured credit facility.

At the same time, Moody's upgraded the speculative grade liquidity rating to an SGL-1 (very good) from SGL-3 (adequate) and changed the outlook to positive from stable.

The agency said the positive outlook reflects an expectation that Option Care will continue to de-lever as it scales its infrastructure and continues to realize cost savings.

It also reflects the progress that the company has made since last year's merger with BioScrip, the agency added.

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