Recovery Report: Rural/Metro Corp.'s Recovery Rating Profile May 11
- ID: 1806704
- May 2011
- Standard & Poors
Standard & Poor's Ratings Services has assigned new recovery and issue-level ratings to Scottsdale, Ariz.-based ambulance and fire protection services company Rural/Metro Corp., in conjunction with Warburg Pincus' announced acquisition of the company. Our simulated default scenario contemplates a default in 2014, stemming from a combination of decreased reimbursement rates and nonrenewals of service contracts. We believe that the company would reorganize in the event of a default, given the prospects for continued demand for its services as an economical option to municipal and hospital-based alternatives. (For Standard & Poor's recovery rating methodology, see "Criteria Guidelines For Recovery Ratings-," published Aug. 10, 2009, on RatingsDirect on the Global Credit Portal.) Rural/Metro Corp. is the issuer of the senior secured credit...
Companies mentioned in this report are: Rural/Metro Corp.
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