S&P rates LHP Hospital loans B

Standard & Poor's said it assigned its B corporate credit rating to LHP Hospital Group Inc. The outlook on the company is stable.

The agency said it also assigned the company's $100 million revolving credit facility due 2017 and $275 million term loan B an issue-level rating of B with a recovery rating of 3, indicating an expectation of meaningful recovery for lenders in the event of a payment default.

The agency said its ratings on LHP reflect an assessment of the company's business profile as vulnerable and financial risk profile as highly leveraged.

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