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S&P trims HealthSouth view to negative
Standard & Poor’s said it revised its outlook on HealthSouth Corp. to negative from stable and affirmed the BB- corporate credit rating.
“The outlook revision reflects pro forma credit measures that are weak for the rating and the accelerated pace of debt-financed transactions over the past few quarters, which have resulted in a meaningful increase in adjusted leverage,” said S&P credit analyst David Kaplan in a news release.
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