• SELECT SITE CURRENCY
Select a currency for use throughout the site
Recovery Report: Kindred Healthcare Inc.'s Recovery Rating Profile Jun 11
Standard & Poors, June 2011
In conjunction with Kindred Healthcare Inc.'s acquisition of RehabCare Group Inc. and announced unsecured notes, Standard & Poor's Ratings Services is finalizing its recovery and issue-level debt ratings on the Louisville Ky.-based post-acute care services provider. Our simulated default scenario contemplates a default in 2014, because of declines in reimbursement rates. As a service business, we believe the company would reorganize in the event of a default, because of the strength of its reputation and its ability to deliver high-quality services to its customers. Kindred Healthcare Inc. is the issuer of the senior secured and unsecured indebtedness. The senior secured indebtedness is guaranteed by each wholly-owned domestic subsidiary of the borrower, excluding Cornerstone, the borrower's wholly-owned insurance subsidiary. Asset-based loan...
Companies mentioned in this report are: Kindred Healthcare Inc.,RehabCare Group Inc.
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
Kindred Healthcare Inc.,RehabCare Group Inc.