S&P lowers Symbion

Standard & Poor's said it lowered Symbion Inc.'s corporate credit rating to B- from B.

The outlook is negative.

"The rating action reflects the outpatient surgical facilities operator's difficult position as it contends with the effect of a weak economy on case volume, small reimbursement increases, and rising debt, which is contributing to slim bank covenant cushions," S&P analyst David P. Peknay said in a statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.