S&P rates One Call loan B+

Standard & Poor's said it assigned a B long-term corporate credit rating to One Call Medical Inc., along with a B+ rating and 2 recovery rating to the company's proposed $50 million revolving credit facility and $415 million senior-secured term loan.

The ratings reflect the company's weak business risk profile and highly leveraged financial risk profile, S&P said.

The main credit concerns are the high debt load it will be taking on in this transaction and the associated pressure this will put on its ability to integrate its largest acquisition to date, the agency said.

The transaction's integration risk is somewhat tempered by the complementary nature of the company's product portfolios, the relatively reasonable cost synergies being contemplated and the positive track records of both management teams with respect to acquisition integration, S&P said.

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