S&P affirms Radiation Therapy loan

Standard & Poor's said it affirmed its bank loan and recovery ratings on Radiation Therapy Services Inc.'s senior secured bank facilities, following the company's exercising the term B accordion feature to expand the facility by $50 million.

The bank loan is rated BB, one notch higher than the corporate credit rating on the company, the agency said.

The agency noted that the facility now consists of a $140 million revolving credit agreement due March 2010 and a $150 million term loan B due December 2012 with a 2 recovery rating.

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