S&P assigns B to AccentCare loan

S&P said it has assigned a B- rating on Pluto Acquisition I Inc., which also does business as AccentCare Inc.

A B issue-level rating (and 3 recovery) was also assigned to the company’s first-lien facility, which consists of a $40 million revolving credit facility and a $355 million first-lien term loan.

The company’s $75 million asset-backed loan revolver and $130 million second-lien term loan are not rated.

The outlook is positive.

S&P’s view is based on the expectation that the company is well positioned and will likely benefit from growing demand for home health services and the new reimbursement scheme at the Centers for Medicare and Medicaid Services, S&P said in a news release.

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