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Fitch Ratings
Fitch Affirms Health Care Service Corp's Sr. Notes & IDR at 'A'; Outlook Revised to Stable
March 22nd, 2009
Fitch Ratings affirms Health Care Service Corporation's (HCSC) $400 million 7.75% coupon unsecured senior notes due June 2011 at 'A'. Fitch also affirms HCSC's long-term Issuer Default Rating (IDR) at 'A'. The Rating Outlook is revised to Stable from Positive. Today's rating action reflects HCSC's strong operating performance and balance sheet fundamentals over the past several years. Additionally, Fitch believes that HCSC has maintained these core strengths through the recent tightened pricing environment experienced in the managed care sector and the significant turmoil in financial markets, particularly in the second half of 2008. Fitch's revised...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-22)
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