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S&P gives Signify Health B
S&P said it assigned Signify Health Inc. (formerly Cure TopCo LLC) a B issuer rating.
“We are assigning B issuer rating to Signify Health, the new entity formed during the corporate restructuring concurrent with the IPO. The rating is the same as for the predecessor company, Cure Topco. We will withdraw the current B issuer rating on Cure TopCo LLC now that the restructuring and IPO have closed,” the agency said in a press release.
S&P also assigned a positive outlook, which reflects the view Signify could use the proceeds for acquisitions, reduce leverage and improve cash flow.
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