S&P lifts Triad Hospitals

Standard & Poor's said it raised its long-term debt ratings on Triad Hospitals Inc. as the long-term corporate credit rating was raised to BB from BB-.

The outlook is stable.

The agency said the B-2 short-term rating on the company and the recovery rating of 1 on Triad's secured bank loan were affirmed.

The higher long-term ratings are attributable to Triad's improving financial profile, despite its still-aggressive growth initiatives, S&P noted.

S&P added the speculative-grade ratings on Triad reflect the company's aggressive growth plan, the competitive nature of many of its key hospital markets and the industry challenges it faces.

© 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.