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Life & Health Insurance – US: Health insurers will use M&A to expand s...

Health insurers will maintain their focus on M&A in 2024 as they aim to diversify services, enter new markets and lower costs by accelerating the transition to value-based care.

Healthcare Quarterly: April 2024

A look at the prospects for M&A across the healthcare industry, including opportunities for pharmaceutical companies, hospitals and other entities.

Pharmaceuticals – US: M&A set to continue as patent expirations and fe...

Pharmaceutical companies will remain eager to pursue acquisitions in part to strengthen pipelines as challenges from patent expirations and Medicare price negotiations pose a risk.

Healthcare – US: Healthcare service companies' M&A will remain subdued...

M&A activity among healthcare service providers will likely remain soft over the next 12 to 18 months with only a modest rebound from recently depressed levels

Medical Products & Devices – US: Spinoffs and divestitures remain a pr...

Companies will remain focused on spinoffs and selective asset sales, seeking in part to bolster underlying growth rates and/or margins and improve focus and investment on core activities.

Healthcare – US: M&A activity to accelerate for larger CROs

Large contract research organizations will become more acquisitive over the next 12 to 18 months after a slowdown, aiming to supplement organic growth and enhance service offerings.

Moody's Ratings downgrades the ratings of three bonds from CSFB Mortga...

Moody's Ratings ("Moody's") has downgraded the ratings of three bonds issued by CSFB Mortgage-Backed Pass-Through Certificates, Series 2002-29. The collateral backing this deal consists of Alt-A mortgages. Please click on this link /viewresearchdoc.aspx?docid=PBS_ARFTL488813 ...

Moody's Ratings assigns A2 ratings to New Jersey Health Care Facilitie...

Moody's Ratings has assigned A2 ratings to the New Jersey Health Care Facilities Financing Authority's planned offerings of $52.65 million Department of Human Services Lease Revenue Refunding Bonds (Marlboro Psychiatric Hospital Project), Series 2024 and $107.95 million Department of Human Services ...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of InspirED Education (South Lanarkshire) plc and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 15 April 2024 in which Moody's reassessed the appropriateness of...

Moody's Ratings assigns Aa1 to Knox County, TN's $96.5M GO Bonds, Seri...

Moody's Ratings has assigned a Aa1 rating to Knox County, TN's proposed $96.5 million General Obligation Bonds, Series 2024. Moody's maintains a Aa1 on the county's outstanding general obligation unlimited tax (GOULT) rated debt. Post-sale, the county will have approximately $856 million in parity d...

Moody's Ratings affirms Pearson's Baa3 ratings; outlook changed to pos...

Moody's Ratings (Moody's) has today affirmed Pearson plc's (Pearson or the company) Baa3 long-term issuer rating. Moody's has also affirmed the Baa3 senior unsecured revolving credit facility (RCF) issued by Pearson and the backed senior unsecured debt ratings issued by its wholly owned subsidiary P...

Moody's Ratings assigns definitive ratings to three CMBS classes of SC...

Moody's Ratings (Moody's) has assigned definitive ratings to three classes of CMBS securities, issued by SCG 2024-MSP Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2024-MSP. Cl. A, Definitive Rating Assigned Aaa (sf) Cl. B, Definitive Rating Assigned Aa3 (sf) Cl. C, Defin...

Moody's Ratings upgrades Pottsville Area School District, PA's issuer ...

Moody's Ratings (Moody's) has upgraded Pottsville Area School District, PA's issuer and general obligation limited tax (GOLT) ratings to Baa1 from Baa2 and removed the positive outlook. At the end of fiscal 2023, the district had approximately $7.3 million in debt outstanding. The upgrade to Baa1 ...

Moody's Ratings assigns Aa1 to Durham, NC's Rev. Bonds, Series 2024; s...

Moody's Ratings ("Moody's") has assigned a Aa1 rating to the City of Durham, NC's Utility System Revenue Bonds, Series 2024, with an estimated par amount of $80 million. Concurrently, we have affirmed the Aa1 rating on the outstanding revenue bonds and assigned a stable outlook. Following the curren...

Moody's Ratings changes V.Group's outlook to negative; affirms B3 rati...

Moody's Ratings (Moody's) has today affirmed the B3 corporate family rating (CFR) and the B3-PD probability of default rating (PDR) of AI Mistral Holdco Ltd (V.Group). Moody's has also affirmed the B3 instrument rating of the backed senior secured bank credit facilities borrowed by AI Mistral (Luxem...

Roehm Holding GmbH: Update following amend and extend transaction

Our credit view of this issuer reflects its capital support from private equity sponsor Advent, offset by its limited product diversification with a concentration in (P)MMA and high leverage

Leveraged loan covenants – US: Emerging double-dip protection set to s...

Recent deals in the market feature a new protection to prevent “Double-dip” transactions, which will spread across BSL and multi-lender direct lending markets

Moody's Ratings assigns Aaa to City of Durham, NC's GO Bonds; outlook ...

Moody's Ratings (Moody's) has assigned a Aaa rating to the City of Durham, NC's Taxable General Obligation Housing Bonds, Series 2024, with an estimated par amount of $54 million. Concurrently, we have affirmed the city's Aaa issuer rating, Aaa rating on outstanding general obligation unlimited tax ...

Churchill Downs Incorporated: Update to credit analysis

Our credit view of this issuer reflects its favorable growth prospects of TwinSpires and development projects, offset by its highly discretionary nature.

Moody's Ratings upgrades La Financiere ATALIAN's PDR to Caa3-PD and as...

Moody's Ratings (Moody's) has today upgraded La Financiere ATALIAN S.A.S.'s (Atalian or the company) probability of default rating (PDR) to Caa3-PD from D-PD. Concurrently, the rating agency has assigned a Caa3 instrument rating to Atalian's new €836 million backed senior secured notes due June 2028...

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