New York, August 04, 2015 -- Moody's Investors Service has affirmed Envision Healthcare Corporation's ("Envision") B1 Corporate Family Rating and B1-PD Probability of Default Rating, following the company's announcement that it entered into a definitive agreement to acquire Rural/Metro Corporation ("Rural/Metro") for $620 million. In addition, Moody's affirmed the Ba3 senior secured term loan rating and B3 senior unsecured notes rating. Concurrently with the rating affirmation, Moody's has changed Envision's rating outlook to stable from positive. The Speculative Grade Liquidity Rating of SGL-1 is affirmed.
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