S&P reviews Kindred Healthcare

S&P said it placed all of the ratings, including the B+ corporate credit rating, on Kindred Healthcare Inc. on CreditWatch with developing implications.

The agency said the CreditWatch placement follows Kindred Healthcare's announcement that it signed a definitive agreement under which it will be acquired by a consortium of three companies, including TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.

“Given the material change in the corporate structure and the uncertainty relating to the redemption of the outstanding debt, we could affirm, lower or raise the ratings,” S&P said in a news release.

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