S&P rates Radiation Therapy loan BB

Standard & Poor's said it assigned a BB corporate credit rating to Radiation Therapy Services Inc. and a BB rating with a recovery rating of 3 to the company's $240 million secured credit facilities.

The outlook is stable.

S&P said the rating reflects the company's participation in the competitive and fragmented outpatient radiation oncology services market, some geographic concentration, technology risk and reimbursement risk.

These risks are somewhat offset by the essential nature of the company's services and favorable demographics, its dominant position in the markets it serves, its early adoption of cutting-edge technologies and its moderate financial policies, the agency said.

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