S&P: Surgery Center, loan B+

Standard & Poor's said that it assigned a preliminary B+ corporate credit rating to Surgery Center Holdings Inc. and a preliminary B+ issue-level rating and a preliminary 3 recovery rating to the company's $20 million revolving credit facility due 2016 and $237.5 million term loan due 2017.

The outlook is stable.

The ratings reflect the expectation that the company will have modest EBITDA growth driven by some increase in volume and relatively flat reimbursement, the agency said.

The stable outlook reflects the expectation for the reimbursement environment to remain stable in the near term and for the financial risk profile to remain aggressive over the next year.

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