| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for InSight Health Services Corp. > News item |
S&P cuts InSight notes to CC
Standard & Poor's said it lowered InSight Health Services Corp.'s (CCC/negative) $315 million secured floating-rate notes to CC from CCC- and the recovery rating to 6 from 5.
The low speculative-grade rating reflects InSight Health's materially weaker-than-expected performance since its emergence from bankruptcy and refinancing risk, according to the agency.
Despite the reduction in debt, adjusted debt leverage has increased to 8.7x at Dec. 31, 2009 from a low point of 5.9x for the 12 months ended Sept. 30, 2007, as a result of persistent operating challenges, S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.