Research Update: Emergency Medical Services Corp. 'BB' Rating Placed On CreditWatch Negative Jan 11
- ID: 1789128
- January 2011
- Standard & Poors
U.S. emergency health care services company Emergency Medical may be subject to a takeover by a private equity firm. We believe Emergency Medical's credit profile could weaken because we anticipate that a takeover could add meaningful debt. We are placing our 'BB' rating for Emergency Medical on CreditWatch with negative implications. The negative CreditWatch listing reflects our view that a meaningfully debt-laden transaction would weaken credit metrics below current levels. On Jan. 21, 2011, Standard & Poor's Ratings Services placed its 'BB' corporate credit rating for Greenwood Village, Colo.-based Emergency Medical Services Corp., as well as all related issue-level ratings for subsidiaries EmCare HoldCo and AMR HoldCo, on CreditWatch with negative implications. CreditWatch with negative implications means that the ratings...
Companies mentioned in this report are:
- Envision Healthcare Corp.
Action: On CreditWatch:Negative
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
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