S&P alters AMN outlook to stable

S&P said it revised AMN Healthcare Services Inc.’s outlook to stable from negative and affirmed its BB issuer rating.

AMN made paying down debt a priority over the past 12 months after the back-to-back acquisitions of Stratus Video in 2020 and Advanced Medical Personnel Services Inc. in 2019, S&P said.

“The outlook revision to stable reflects our belief that the company is not pursuing a more aggressive financial policy and that it will maintain leverage between 2x and 3x, despite expected continued acquisitions.,” the agency said in a press release.

The BBB- issue-level rating and 1 recovery rating on AMN’s senior secured debt and BB- issue-level rating and 5 recovery rating on its unsecured debt are unchanged.

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