S&P changes Schumacher Group view

S&P said it revised the outlook on Schumacher Group of Delaware Inc. to negative from stable.

The agency also affirmed the company’s ratings.

S&P said Schumacher Group announced significant clinical and operational challenges from Covid-19 including materially lower patient volumes.

“Schumacher's debt maturity profile is front-ended and compressed such that we expect the company to look to refinance its debt in the near term, as capital markets have become less accessible,” the agency said in a news release.

The affirmed ratings include the B issuer credit rating and senior secured issue-level rating.

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