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Hill-Rom Holdings Inc. Corporate Credit Rating Raised To 'BBB' From 'BBB-' On Healthy Performance; Outlook Is Stable Jan 12 Product Image

Hill-Rom Holdings Inc. Corporate Credit Rating Raised To 'BBB' From 'BBB-' On Healthy Performance; Outlook Is Stable Jan 12

  • Published: January 2012
  • Standard & Poors

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Abstract
We believe U.S.-based Hill-Rom Holdings Inc.'s prospects for sustained mid-single-digit sales growth and good margins are bolstered by its healthy performance in fiscal 2011. Hill-Rom continues to engage in acquisitions and share buybacks at a measured pace. The company's increasing free operating cash flow and sustained low leverage give us more confidence that it will maintain modest financial risk. We are raising our corporate credit rating to 'BBB' from 'BBB-.' The stable rating outlook reflects our expectation that credit metrics would not be meaningfully affected by some unanticipated early renewal of weakness in health care capital spending. NEW YORK (Standard & Poor's) Jan. 10, 2012--Standard & Poor's Rating Services said today that it raised its corporate credit and issue-level ratings...

Companies mentioned in this report are: Hill-Rom Holdings Inc.
Action: Upgraded

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Hill-Rom Holdings Inc.

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