# Post-IPO rating improvement from S&P Global Ratings and Moody’s Ratings.

*business · news · 2026-05-18 · The Manila Times*

## Key points

- Moody’s upgraded GMR’s corporate family rating to B1 from B2 after its IPO.
- S&P Global upgraded Global Medical Response, Inc. to B+ from B and assigned B+ to GMR Solutions.
- GMR’s $1.15 billion debt reduction lowered annual interest and dividend expenses by $119 million.
- Moody’s upgrade triggered a 25-basis point interest rate cut, saving GMR $7.4 million annually.
- Total annualized financing costs for GMR were reduced by over $125 million due to credit enhancements.

**Companies:** GMR Solutions Inc., Global Medical Response, Inc.
**Countries:** United States

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/05/18/tmt-newswire/globenewswire/gmr-solutions-inc-announces-ratings-upgrade-and-debt-reduction/2346057)

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