Moody's Ratings upgrades Bright Horizons' CFR to Ba3, outlook is stable
Moody's Ratings (Moody's) upgraded Bright Horizons Family Solutions LLC's (Bright Horizons or BFAM) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD from B1-PD, and the ratings of its senior secured first lien bank credit facilities (revolver and term loans...Bright Horizons Family Solutions is a provider of child care and early education, back-up care and educational advisory services. The company provides services under contracts with employers, who provide child care, as well as other dependent care solutions and educational advisory services. The company's service offerings include full-service center-based child care and early education, back-up care, and educational advisory services. The company operates child care and early education centers across a range of customer industries with the capacity to serve children and their families in the U.S., as well as in the U.K., the Netherlands, Canada and India.
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