S&P rates Apria Healthcare loan BBB-

Standard & Poor's said it assigned its BBB- senior secured debt rating to Apria Healthcare Group Inc.'s proposed $500 million revolving credit facility due in 2009.

At the same time, S&P affirmed its BBB- corporate credit rating on the company and affirmed its BB+ senior unsecured debt rating on Apria's $250 million convertible senior notes due in 2033.

S&P said the low-investment-grade ratings on Apria Healthcare Group Inc. reflect the company's leading position in providing specialized home health care services and equipment, its ability to largely offset Medicare reimbursement cuts through growth, its disciplined expansion and cost-management practices and its above-average financial profile.

© 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.