Moody’s assigned a B1 rating to a new $994 million first lien term loan executed by Hostess Holdco and subsidiaries to replace a preexisting term of the same amount.
The Justice Department, 21 states and the District of Columbia reached a $864 million settlement agreement with Moody’s in conjunction with the agency’s behavior preceding the financial crisis.
Moody’s downgraded all ratings of Foresight Energy including the corporate family rating to Caa1 from B3, reflecting the continued headwinds in the coal sector and the recent deterioration in seaborne and domestic coal prices.
Moody’s Investors Service assigned issuer ratings of A1 and Prime-1 to GE Capital Holdings, with a stable outlook. Moody’s will withdraw GECC’s ratings after GE completed the reorganization, with includes a merger of GECC into GE.
Moody’s Investors Service rated Envision Healthcare’s proposed $750 million senior secured term loan due 2022 B1, and lowered the rating on its existing $1.28 billion senior secured term loan to B1 from Ba3.
Moody’s Investors Service assigned a B3 rating to the proposed senior credit facilities of PrimeLIne Utility Services and affirmed PrimeLine’s B3 Corporate Family and Caal-PD ratings.
Moody’s Investors Service affirmed the Baa2 long-term issuer and debt ratings of Mubadala GE Capital. The affirmation incorporates Moody’s view on the recent announcement regarding the sale to MidCap Finco.
Moody’s Investors Service assigned a Ba2 rating to Frontier Communications’ senior secured term loan A. The proceeds of this loan will be used to purchase certain assets from Verizon Communications.
Moody’s Investors Service said it assigned a Ba1 rating to the new senior secured credit facility of Swift Transportation, comprising a $600 million secured revolver and a $680 million secured term loan.
Moody’s Investors Service said it has concluded its review of eight large U.S. banking groups, lowering by one notch the senior holding company ratings of Morgan Stanley, Goldman Sachs, JPMorgan and Bank of New York Mellon.