S&P might lift Curo Health

S&P said it placed all of its ratings, including the B corporate credit rating, on Curo Health Services Holdings Inc. on CreditWatch with positive implications.

The agency said the CreditWatch placement follows the announcement that Curo will be acquired by a consortium of three companies, including TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc., and reflects the potential for Humana's ownership to provide an uplift to the rating.

S&P said it expects to resolve the CreditWatch placement once it has more clarity on the proposed organizational and capital structure under the new ownership and the level of implied support from Humana.

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