Quantcast
Channel: Daily Bankrupt Company Updates | Bankrupt Company News
Viewing all articles
Browse latest Browse all 4593

U.S. Renal Care, Inc. Downgraded

0
0

On June 22, 2017, Moody’s Investors Service downgraded the ratings of U.S. Renal Care, Inc., including its corporate family rating to B3 from B2, its probability of default rating to B3-PD from B2-PD, its senior secured first lien credit facilities to B2 from B1 and its senior secured second lien credit facility to Caa2 from Caa1. According to Moody’s, the downgrade reflects weak operating performance and Moody’s belief that U.S. Renal will be unable to meaningfully reduce its financial leverage over the near-to-intermediate term. Moody’s anticipates that U.S. Renal will face near-term operational headwinds due to rising clinic costs, commercial pricing pressures, and a mix shift towards government payors, which will limit earnings and cash flow growth. Read more on distressed companies.

The post U.S. Renal Care, Inc. Downgraded appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


Viewing all articles
Browse latest Browse all 4593

Latest Images

Trending Articles





Latest Images