S&P: Emergency Medical on watch

Standard & Poor's said it placed Emergency Medical Services Corp.'s BB corporate credit rating, as well as all related issue-level ratings for subsidiaries EmCare HoldCo and AMR HoldCo, on CreditWatch with negative implications.

The CreditWatch placement follows reports that Emergency Medical may be subject to a takeover by a private equity firm, S&P said.

A meaningfully debt-laden transaction would weaken Emergency Medical's credit metrics below current levels, the agency said.

The lease-adjusted debt-to-EBITDA ratio was 1.9 times for the 12 months ended Sept. 30.

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