Home | Business News | Browse by Publication | W | Wireless News

Fitch Affirms DaVita Inc.'s IDR at 'BB-'; Outlook Stable.

Publication: Wireless News
Publication Date: 24-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings has affirmed DaVita Inc.'s (DaVita) ratings as follows:

--Issuer Default Rating (IDR) at 'BB-';

--Bank credit facility at 'BB+';

--Senior unsecured notes at 'BB-';

--Senior subordinated notes at 'B'.

The Rating Outlook is Stable.

The ratings apply to approximately $3.7 billion of debt outstanding as of June 30.

The ratings reflect DaVita's incrementally improved financial and operating metrics, partially offset by continued industry pressures. Leverage (total debt/EBITDA) has declined to 3.11 times (x) for the last 12 months (LTM) ended June 30, from 3.38x LTM ended June 30, 2008. This reduction...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Wireless News
SDForum Schedules Second Annual Open Innovation and Corporate Research..., September 05, 2009
Newmium Introduces New Computer Language at Its Site.(Brief article), September 05, 2009
MOG Gets $5 Million in Investment Round Led by Menlo Ventures.(Brief a..., September 05, 2009
Nvidia and Stardock Team to Distribute Impulse., September 05, 2009
AT&T Strengthens 3G Wireless Coverage in Connecticut.(Brief article), September 05, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.