Yesterday Moody’s issued the following rational for their debt rating for the now independent LifeScan;
“Moody's Investors Service ("Moody's) assigned a B2 Corporate Family Rating and B2-PD Probability of Default Rating to LifeScan Global Corporation ("LifeScan"). Moody's also assigned a Ba2 rating to the company's $125 million secured revolving credit facility, a B1 rating to its $1.4 billion secured term loan B and a Caa1 rating to its $350 million junior ranking secured term loan. The rating outlook is stable.
Proceeds from the new credit facilities and $473 million of equity contributed by . . .
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