S&P rates BW Homecare B-

S&P said it assigned its B- corporate credit rating to BW Homecare Holdings LLC. The outlook is positive.

The ratings on the debt, issued by subsidiary BW NHHC HoldCo. Inc., are unchanged. This includes the B- issue-level rating and 3 recovery rating on the first-lien secured credit facility and the CCC issue-level rating and 6 recovery rating on the second-lien facility.

“The ratings on parent company and financial statement issuer, BW Homecare Holdings LLC reflect our business risk assessment of as weak and financial risk as highly leveraged,” S&P said in a news release.

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