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Research Update: S&PCORRECT: Emdeon Inc. Assigned 'B' Corporate Credit Rating; Issue-Level Ratings Also Assigned Jan 12 Product Image

Research Update: S&PCORRECT: Emdeon Inc. Assigned 'B' Corporate Credit Rating; Issue-Level Ratings Also Assigned Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
We are assigning our 'B' corporate credit rating to U.S. health care software provider Emdeon Inc. post its acquisition by Blackstone Capital Partners VI L.P. We are also assigning a 'BB-' issue-level rating and a '1' recovery rating to the senior secured revolving credit facilities, consisting of a $125 million senior secured revolving credit facility due 2016 and a $1.224 billion senior secured term loan due 2018. In addition, we are assigning 'CCC+' issue-level ratings and '6' recovery ratings to the $375 million senior unsecured notes due 2019 and $375 million unsecured notes due 2020. The stable outlook reflects our expectation that operating trends will remain positive and that Emdeon will maintain leverage at or below current levels. On Jan....

Companies mentioned in this report are: Emdeon Inc.
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, READ MORE >

Emdeon Inc.

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