S&P rates RegionalCare, credit

Standard & Poor's said it assigned its B corporate credit rating to RegionalCare Hospital Partners. The outlook on the company is stable.

The agency said it also assigned the company's $100 million revolving credit facility due 2016 and $295 million term loan B due 2018 an issue-level rating of B with a recovery rating of 3, indicating an expectation of meaningful recovery for lenders in the event of a payment default.

In addition, S&P said it assigned the company's $65 million second-lien term loan due 2019 an issue-level rating of CCC+.

The agency said the low-speculative-grade rating on RegionalCare Hospital Partners reflects the company's earnings concentration in a small number of its facilities and its "highly leveraged" financial risk profile.

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