- Published: May 2012
Research Update: Leisureworld Senior Care L.P. 'A-' Senior Secured Debt Rating Affirmed On Strong Demand Fundamentals; Outlook Stable Feb 12
- Published: February 2012
- Standard & Poors
We are affirming our 'A-' senior secured debt rating on Ontario-based Leisureworld Senior Care L.P. (LSCLP). In part, the ratings reflect our view of strong long-term demand fundamentals, LSCLP's strong average occupancy levels for the 26 long-term care homes in its portfolio, and what we view as adequate security interest for bondholders. The stable outlook reflects our expectation that the company's business risk and financial risk profiles will remain strong in the next two years, reflecting high occupancy rates, adequate debt service coverage ratios, and no considerable increase in leverage. On Feb. 10, 2012, Standard & Poor's Ratings Services affirmed its 'A-' senior secured debt rating on Ontario-based Leisureworld Senior Care L.P. (LSCLP). The outlook is stable. The ratings on...
Companies mentioned in this report are: Leisureworld Senior Care L.P.
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >
Leisureworld Senior Care L.P.
|Electronic||The report will be emailed to you.|