- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Laboratory Corp. of America's WKSI Shelf Assigned Preliminary Ratings Dec 11
- Published: December 2011
- Region: United States
- Standard & Poors
NEW YORK (Standard & Poor's) Dec. 19, 2011--Standard & Poor's Ratings Services said today that it assigned its preliminary 'BBB+' senior unsecured and preliminary 'BBB' subordinated ratings to Burlington, N.C.-based laboratory services provider Laboratory Corp. of America Holdings' (BBB+/Stable/--) issues registered under a Rule 415 WKSI shelf filing. Our 'BBB+' corporate credit rating on LabCorp remains unchanged. (For the complete corporate credit rating rationale, see the report on Laboratory Corp. of America, published Aug. 26, 2011, on RatingsDirect.) The ratings on Laboratory Corp. of America Holdings (LabCorp) reflect our expectation for low-single-digit revenue growth in 2012, given the impact of the weak U.S. economy on testing volumes and ongoing pricing pressure. We expect relatively stable margins and cash flow in...
Companies mentioned in this report are: Laboratory Corp. of America Holdings
Action: New Rating
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Research type: News
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Laboratory Corp. of America Holdings