Recovery Report: EMSC L.P.'s Recovery Rating Profile Mar 08
Standard & Poors, March 2008
Abstract
Standard & Poor's Ratings Services today assigned a recovery rating to the unsecured debt issue of AMR Holdings and EmCare Holdings, both operating subsidiaries of the parent company, EMSC L.P. The issue-level rating on this debt remains unchanged at 'B-' (two notches below the 'B+' corporate credit rating on EMSC), and a recovery rating of '6' was assigned, indicating the expectation for negligible (0% to 10%) recovery in the event of a payment default. Standard & Poor's issue-level and recovery ratings on EMSC's secured debt remain unchanged. The issue-level rating on the company's senior secured credit facilities remains at 'BB' (two notches higher than the corporate credit rating), and the recovery rating remains at '1', indicating the expectation for very...
Companies mentioned in this report are: Emergency Medical Services 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
Emergency Medical Services Corp.
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