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Recovery Report: Select Medical Corp.?s Recovery Rating Profile Mar 08 Product Image

Recovery Report: Select Medical Corp.?s Recovery Rating Profile Mar 08

  • ID: 2127681
  • March 2008
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services today assigned recovery ratings to Select Medical Corp.'s subordinated debt issue, while leaving the issue-level rating on this debt unchanged. The issue-level rating on Select's senior subordinated debt remains at 'CCC+' (two notches lower than the 'B' corporate credit rating on the company), and a recovery rating of '6' was assigned to this debt, indicating the expectation for negligible (0% to 10%) recovery in the event of a payment default. The issue-level rating on the senior unsecured debt of Select Medical Holdings Corp. (the parent holding company of Select Medical Corp.) also remains unchanged, at 'CCC+' (two notches lower than the corporate credit rating on the parent company), and a recovery rating of '6'. The...

Companies mentioned in this report are:
- Select Medical Corp.
- Select Medical Holdings Corp.

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

Note: Product cover images may vary from those shown

- Select Medical Corp.
- Select Medical Holdings Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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