- Language: English
- Published: January 2012
Research Update: National Mentor 'B+' Rating On Watch Negative Following Announcement Of Management Buyout Mar 06
- ID: 1869712
- March 2006
- Standard & Poors
On March 30, 2006, Standard & Poor's Ratings Services placed its ratings on Boston, Mass.-based special-needs services provider National Mentor Inc., including the 'B+' corporate credit rating, on CreditWatch with negative implications (indicating that the ratings could be lowered or affirmed upon further review). The CreditWatch placement follows National Mentor's announcement that management, in partnership with Vestar Capital Partners, will acquire the company. While the purchase price and financing for the transaction were not disclosed, Standard & Poor's believes that the acquisition is likely to weaken the company's financial profile and place some downward pressure on the rating. Standard & Poor's intends to meet with management in the near future to discuss the details of this transaction and incorporate them...
Companies mentioned in this report are: National Mentor Holdings Inc
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
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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