S&P lowers Interactive Health

Standard & Poor's said it lowered its corporate credit rating on Interactive Health LLC to B- from B.

The rating on the senior unsecured debt was lowered to CCC+ from B-, the agency said, adding that the ratings have been removed from CreditWatch, where they were placed with negative implications on April 21.

S&P noted that the ratings on Interactive Health and its wholly owned subsidiary Interactive Health Finance Corp. reflect the company's substantial debt levels, narrow product focus, small size and supplier concentration and the highly discretionary nature of massage chair purchases.

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