S&P upgrades Envision

Standard & Poor's said it raised all ratings on Envision Healthcare Corp., including the corporate credit rating to BB- from B+.

The outlook is stable.

S&P said it raised the ratings because the company's leverage improved as a result of debt repayment and EBITDA growth.

The agency revised its financial profile assessment to "aggressive" from "highly leveraged".

"The ratings are based on our business risk profile assessment of 'fair' and our financial risk profile assessment of 'aggressive,' which reflects the company's ownership by financial sponsors and our expectation that the company's growth strategy will likely prevent sustained deleveraging below 4x," S&P credit analyst Tulip Lim said in a news release.

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