Omnicare, Inc. -- Moody's changes Omnicare's outlook to stable from negative, and rates new bond Ba2

New York, November 05, 2014 -- Moody's Investors Service today revised Omnicare, Inc.'s (Omnicare) rating outlook to stable from negative and upgraded its Speculative Grade Liquidity rating to SGL-3 from SGL-4. Moody's also affirmed Omnicare's Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating. At the same time, Moody's assigned a Ba2 rating to the company's proposed $700 million senior unsecured notes while lowering the rating of existing senior unsecured credit facilities to Ba2 from Baa3, and the rating of the senior subordinated notes to B1 from Ba3. Moody's also affirmed the B2 rating on the senior debentures and PIERS trust preferred.

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