French Health Care Software Company Cegedim 'BB+' Debt Rating And '4' Recovery Rating Assigned
Standard & Poors, July 2010
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
France-Based health care technology and services provider Cegedim has issued -300 million unsecured bonds maturing in 2015 to partially repay its existing amortizing term loan maturing in 2013. We are assigning our 'BB+' debt rating to the bond, along with our '4' recovery rating. PARIS (Standard & Poor's) July 22, 2010--Standard & Poor's Ratings Services said today that it has assigned its 'BB+' long-term debt rating on the -300 million unsecured bonds maturing in 2015 issued by Cegedim S.A. (BB+/Stable/--), a France-based health care technology and services provider. The issue rating is the same as the corporate credit rating. At the same time, we assigned a '4' recovery rating to this instrument, which reflects Standard & Poor's Ratings Services' expectations...
Companies mentioned in this report are: Cegedim S.A.
Action: New Rating
Cegedim S.A.
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