- Language: English
- 70 Pages
- Published: August 2010
- Region: Poland
Research Update: IASIS Healthcare Corp.'s Planned Financing Assigned Ratings; 'B' Rating Affirmed, Outlook Revised To Stable Apr 11
- Published: April 2011
- Standard & Poors
Franklin, Tenn.-based hospital operator IASIS Healthcare Corp. plans to issue a new $935 million senior secured term loan, a new $300 million revolving credit facility, and $935 million new senior unsecured notes. We are assigning a 'BB-' issue-level rating and a '1' recovery rating to the company's proposed senior secured revolving credit facility. In addition we are assigning a 'B' issue-level rating and '3' recovery rating to IASIS' proposed senior secured term loan, and a 'CCC+' issue-level rating and '6' recovery rating to IASIS' proposed new senior unsecured notes. At the same we are affirming the 'B' corporate credit rating and revising our outlook to stable from positive reflecting our reduced profitability expectations as well as our belief that possible...
Companies mentioned in this report are: IASIS Healthcare Corp.,IASIS Healthcare LLC,IASIS Capital Corp.
Action: New Rating
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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IASIS Healthcare Corp.,IASIS Healthcare LLC,IASIS Capital Corp.