06.05.2015 16:22:00
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Moody's: ERT (B2 stable) term loan upsize and dividend a credit negative development, ratings unchanged
New York, May 06, 2015 -- Moody's Investors Service ("Moody's") said that although eResearch Technologies, Inc.'s ("ERT") announced $25 million debt increase and related $20 million shareholder distribution is a credit negative development, it still expects ERT will achieve solid financial strength metrics in 2015, so there is no change to the B2 CFR and other ratings, or the stable ratings outlook, at this time.