S&P rates Osmose loans B+

Standard & Poor's said it assigned its B+ corporate credit rating to OHI Intermediate Holdings Inc. The outlook is stable.

At the same time, the agency said it assigned B+ issue ratings and 3 recovery ratings to OHI's subsidiary Osmose Holdings Inc.'s $45 million five-year revolving credit facility and $255 million six-year senior secured term loan. The 3 recovery rating indicates an expectation that lenders would receive meaningful recovery in a payment default.

"We expect the company to generate consistent, positive free cash flow, with credit metrics consistent with an aggressive financial risk profile," said S&P credit analyst Robyn Shapiro in a news release.

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