S&P puts Kindred Healthcare on watch

S&P said it placed all its Kindred Healthcare LLC ratings, including the B+ issue ratings, on CreditWatch with negative implications.

The placement follows Kindred’s agreement to be acquired by LifePoint Health Inc.

“The CreditWatch placement reflects a potential rating downgrade resulting from the application of S&P Global Ratings' group rating methodology criteria where a core entity will have the same issuer credit rating as its group parent. LifePoint Healthcare's current issuer credit rating is B with a positive outlook,” S&P said in a press release.

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