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Laboratory Corp. of America's WKSI Shelf Assigned Preliminary Ratings Dec 11
Standard & Poors, December 2011
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
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: News
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Laboratory Corp. of America Holdings