| Title: | Research Update: Center For Diagnostic Imaging Inc. Corporate Credit, Senior Secured Ratings Raised To 'B+' |
| Price: | $175.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 1, 2008, Standard&Poor's Ratings Services raised its corporate credit rating on Center for Diagnostic Imaging Inc. (CDI) to 'B+' from 'B'. The outlook is stable. At the same time, we raised our rating on CDI's senior secured credit facilities to 'B+' (the same as the corporate credit rating) from 'B'. The recovery remains unchanged at 4, indicating the expectation for average (30% to 50%) recovery in the event of a payment default. These actions reflect CDI's increasing geographic diversity, improved operations, and conservative financial policies. The speculative-grade rating on Minneapolis, Minn.-based CDI reflects the company's relatively small presence in the competitive medical imaging field, reimbursement risk, and limited financial resources. These factors overshadow favorable demand prospects |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Center For Diagnostic Imaging Inc. Corporate Credit, Senior Secured Ratings Raised To '##' Publication date: ##-May-#### Primary Credit Analyst: Cheryl E Richer, New York (#) ###-###-####;... |
| Word Count: | 1155 |
| Ticker: | 398684Z |
| Issuer: | Center for Diagnostic Imaging Inc. |
| GICS: | Health Care Services (35102015) |
| Sector: | Global Issuers, Corporations, High Technology |
| Country: | United States |
| Region: | United States |
| Format: | 
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