Tight capital market conditions promise to play a pivotal role in U.S. corporate healthcare creditworthiness in 2008, but possibly in an unexpected way, according to Capital Constriction Might Help Stem the Bleeding of U.S. Corporate Healthcare Quality in 2008, a report published Jan. 10 by Standard & Poor’s Ratings Services.
Specifically, corporate healthcare rating actions may actually be more balanced in the period ahead, in contrast to the past two years, which saw nearly triple the number of rating downgrades relative to upgrades, said S&P credit analyst Michael Kaplan. Accordingly, S&P healthcare ratings universe now bears an increased proportion of stable outlooks compared with one year ago. In fact, stable outlooks are now the large preponderance of all outlooks in the sector, with more positive outlooks now than at the end of 2006.
The report is available to subscribers of RatingsDirect. For more information, call 212-438-9823.
