- Published: May 2012
- Region: United States
Recovery Report: National Mentor Holdings Inc.'s Recovery Rating Profile Feb 12
- Published: February 2012
- Standard & Poors
Standard & Poor's Ratings Services is reviewing its recovery and issue-level ratings on Boston-based human and health service provider National Mentor Holdings Inc. Our simulated default scenario contemplates a default in 2015 because of reimbursement cuts and poor delivery of services. We believe that the company, as a service business, would reorganize in the event of a default, in view of its strong local relationships, reputation, and ability to deliver high-quality service. (For Standard & Poor's recovery rating methodology, see "Criteria Guidelines For Recovery Ratings," published Aug. 10, 2009, on RatingsDirect.) National Mentor Holdings Inc. is the issuer of the senior secured and unsecured indebtedness. The first-lien facilities are guaranteed by NMH Holdings LLC and each wholly owned domestic subsidiary...
Companies mentioned in this report are: National Mentor Holdings Inc.
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: Full Analysis
SHOW LESS READ MORE >
National Mentor Holdings Inc.