S&P: Trident loans B+, CCC+

Standard & Poor's said it assigned its B corporate credit rating to Trident USA Health Services LLC. The outlook is stable.

The agency said it assigned Trident's proposed $225 million first-lien credit facility a B+ issue rating with a recovery rating of 2, indicating an expectation of substantial recovery for lenders in the event of a payment default.

Additionally, the agency said it assigned the company's proposed $100 million second-lien term loan due 2017 a CCC+ issue rating with a recovery rating of 6, indicating an expectation of negligible recovery for lenders in the event of a payment default.

"We expect revenue to increase by approximately 10% per year, primarily reflecting continued acquisitions and the expansion of service offerings to existing and acquired customers, along with steady reimbursement rates on both the federal and state levels," said S&P credit analyst John Bluemke in a news release.

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