...- Most of Heartland Dental LLC's dental practices have resumed providing elective procedures following closures from March to May of this year. - While Heartland Dental's business was significantly affected by the pandemic in the second quarter due to clinic closures, it has since recovered from the trough in April, reporting revenues close to 90% of 2019 levels in July. - At the same time, we believe Heartland will maintain adequate liquidity given better evidence of its ability to reduce variable costs. The company has full access to its revolver as of June 30, 2020. - We are affirming the '###+' rating on Heartland Dental. And revising the outlook to stable from negative. - Our stable outlook reflects our expectation that Heartland will sustain same-office growth and maintain a good liquidity position, reducing the risk of a liquidity crisis during the next 12 months....
