S&P: Negative view for Res-Care

Standard & Poor's said it affirmed the corporate credit rating on Res-Care Inc. at BB-.

Its outlook was revised to negative from stable, reflecting its susceptibility to state budget cuts, narrow operating focus and already-slim profit margins, S&P said.

These are predominating risk factors despite Res-Care's successful track record of acquisitive growth in previous years, which has allowed the company to expand and diversify its core operation, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.