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Article: Pediatric Services of America's Outlook to Negative by Standard & Poor's
- Article from:
- PR Newswire
- Article date:
- July 31, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, July 31 /PRNewswire/ -- Standard & Poor's today revised its outlook on Pediatric Services of America Inc. to negative from stable.
Standard & Poor's also affirmed its single-'B'-plus corporate credit and bank loan ratings and its single-'B'-minus subordinated debt rating on the company.
The outlook revision follows the company's announcement of weaker-than-expected operating performance in its current fiscal third quarter and uncertainty with respect to fully recovering lost revenues.
The speculative-grade ratings of Pediatric Services of America Inc. reflect challenges associated with rapid growth from a small base, ...