New York, March 31, 2016 -- Moody's Investors Service, ("Moody's") today assigned a B2 Corporate Family Rating and B2-PD Probability of Default Rating to NMSC Holdings, Inc. (NMSC), the indirect parent of NAPA Management Services Corporation (NAPA). At the same time, Moody's assigned a B1 rating to NMSC's proposed $360 million senior secured credit facilities, comprised of a $40 million first lien revolver and $320 million first lien term loan. The rating outlook is stable. This is the first time Moody's has assigned public ratings to NMSC Holdings.

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