| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HealthSouth Corp. > News item |
S&P rates HealthSouth convertibles B
Standard & Poor's said it assigned a B rating and 6 recovery rating to HealthSouth Corp.'s $320 million 2% convertible senior subordinated notes due 2043.
The 6 recovery rating indicates 0% to 10% expected default recovery.
The BB- corporate credit rating and all other issue-level ratings are unchanged.
The outlook is stable.
The ratings reflect the company's weak business risk profile and significant financial risk profile, S&P said.
The weak business risk incorporates HealthSouth's narrow business focus, payor concentration and significant reimbursement risk, the agency said.
© 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.