S&P: Medical Solutions loans B, CCC+

S&P said it assigned a B corporate credit rating to Medical Solutions Parent Holdings Inc.

The outlook is stable.

The agency also said it assigned a B rating to subsidiary Medical Solutions Holdings Inc.'s first-lien credit facility, which consists of a $35 million revolver and $200 million term loan.

The first-lien credit facility will have a recovery rating of 3, indicating 50% to 70% expected default recovery.

S&P also said it assigned a CCC+ rating to Medical Solutions Holdings' $75 million second-lien credit facility with a recovery rating of 6.

The 6 recovery rating indicates 0 to 10% expected default recovery.

The ratings reflect the company's weak business risk profile, which is characterized by limited scale, relatively narrow focus on travel nurse staffing, modest market position and competitive, fragmented and cyclical market for health care staffing, S&P said.

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