Moody's Investors Service ("Moody's") affirmed TruGreen Limited Partnership's (TruGreen) B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating following the company's announcement of a debt-financed share repurchase and recapitalization. Concurrently, Moody's assigned B1 ratings to the company's new senior secured first lien revolver and term loan.