Moody's Upgrades Concentra Ratings

Moody's Investors Service has rated Concentra Operating Corporation ("Concentra"), B1 (senior implied) and assigned ratings of B1 to Concentra's new senior secured bank credit facilities and B3 to Concentra's new subordinated notes. Moody's upgraded Concentra's rating outlook to stable from negative. The change in rating outlook to stable from negative reflects Concentra's financial management performance during very challenging economic conditions; several quarters of modestly improving results, and an improvement in liquidity. Concentra's B1 senior implied rating reflects its strong po...