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Published on 10/31/2018 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P affirms HomeVi

S&P said it affirmed its B issuer credit rating on HomeVi. The outlook is stable.

The agency also affirmed the B issue rating on the €1 billion term loan B.

S&P revised the recovery rating on the loan to 3 from 4, indicating an expectation of meaningful recovery prospects of 50%-70% (rounded estimate: 50%) in the event of a payment default.

“HomeVi reported positive results for the six months to June 2018, in line with our expectations for the group,” the agency said in a news release.

“Revenue improved by 7.8%, driven mainly by its nursing home segments in both France and Spain.”


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