National Mentor Holdings' Credit Facility Rated 'B+' (Recovery: 2); 'B' Corporate Credit Rating Affirmed, Outlook Stable Jan 14
- Language: English
- Published: January 2014
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
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National Mentor Holdings Inc