S&P rates Osmose loan B+

Standard & Poor's said it assigned a preliminary B+ corporate credit rating to OHI Intermediate Holdings Inc.

The agency also said it assigned a preliminary B+ issue-level rating and preliminary 3 recovery rating to OHI's subsidiary Osmose Holdings Inc.'s proposed $25 million revolving credit facility and $240 million six-year senior secured term loan.

The 3 recovery rating indicates 50% to 70% expected recovery in a default.

The outlook is stable.

The ratings reflect the company's weak business risk profile and aggressive financial risk profile, S&P said.

The aggressive financial profile reflects the company's ownership by private equity, the agency said.

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