01.08.2014 15:57:00
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IDCSalud S.L.U. -- Moody's assigns a B2 CFR to IDCSalud; stable outlook
London, 01 August 2014 -- Moody's Investors Service has today assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default rating (PDR) to IDCSalud Holding S.L.U. ("IDCSalud" or "the company"), an entity owned by funds advised by CVC (59% ownership) and management (41% ownership). Concurrently, Moody's has assigned ratings to the new senior secured loans, namely a B1 to the first lien secured facilities of EUR1,800 million, and a Caa1 to the second lien secured facility of EUR350 million, which will be borrowed at IDCSalud S.L.U. and various operating subsidiaries. The rating outlook is stable.