Tag: Standard & Poor
In brief: S&P downgrades Apria, AAH names champions
October 12, 2012HME News Staff
LAKE FOREST, Calif. - Standard & Poor has downgraded Apria Healthcare's credit rating from stable to negative. A cash flow of negative $64 million for the first half of 2012 has raised doubts that Apria will reduce its cash flow to S&P's estimate of less than negative $20 million by the end of 2012 and return to positive cash flow in 2013. S&P affirmed a “B+” corporate credit rating. The rationale behind the revised outlook is Apria's “aggressive” financial risk...
S&P downgrades Apria's credit rating
October 10, 2012HME News Staff
LAKE FOREST, Calif. - Standard & Poor downgraded Apria Healthcare's credit rating from stable to negative. A cash flow of negative $64 million for the first half of 2012 has raised doubts that Apria will reduce its cash flow to S&P's estimate of less than negative $20 million by the end of 2012 and return to positive cash flow in 2013. S&P affirmed a “B+” corporate credit rating. The rationale behind the revised outlook is Apria's “aggressive” financial risk profile, which...