- Language: English
- Published: June 2005
- Region: United States
Recovery Report: HealthSouth Corp.'s Recovery Rating Profile
- Published: May 2011
- Standard & Poors
In conjunction with its amendment to its existing credit agreement and plans to call a portion of its 10.75% senior notes, Standard & Poor's Ratings Services is assigning new recovery and issue-level debt ratings and reviewing existing recovery and issue-level debt ratings on the inpatient rehabilitation hospital operator HealthSouth Corp. Our simulated default scenario contemplates a default in 2014 because of a decline in Medicare/Medicaid reimbursements. We believe the company would reorganize in the event of a default because of its strong competitive position. HealthSouth Corp. is the issuer of the first-lien credit facilities and the unsecured notes. The senior secured facility is guaranteed by a majority of the borrower's wholly owned domestic subsidiary. The unsecured notes are guaranteed on...
Companies mentioned in this report are: HealthSouth Corp.
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: Full Analysis
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