GMR Solutions Inc. (NYSE:GMRS) and its wholly owned subsidiary Global Medical Response, Inc. (collectively, "GMR") welcome recent rating actions from both Moody's Ratings and S&P Global Ratings, reflecting the company's strengthened financial profile following its successful IPO and significant debt reduction. Moody's upgraded GMR's corporate family rating to B1 from B2, while S&P Global Ratings assigned a "B+" issuer credit rating to GMR Solutions Inc. and upgraded Global Medical Response, Inc. to "B+" from "B."

The ratings changes recognize the company's improved leverage position and enhanced financial flexibility, supported by more than $1.15 billion in total debt reduction and preferred equity redemption, resulting in an approximately $46 million reduction in annualized term loan interest expense and a $73 million reduction in annualized preferred equity dividend accrual.

The upgrade by Moody's triggers a 25-basis point interest rate reduction on GMR's term loan facility. This results in a $7.4 million reduction in annualized interest expense after taking into account debt reductions discussed above. All credit enhancements combined result in a more than $125 million reduction in annualized financing costs.

Both agencies cited GMR's national scale, integrated air and ground service model, and strong demand for emergency medical services as key factors underpinning its stable outlook and positioning the company for continued, sustainable growth.

"This milestone reflects the hard work of our team, and we look forward to continued conversation around the strength of our platform," said Brian Tierney, GMR chief financial officer.