Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative

Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative
Published Jul 24, 2017
7 pages (2456 words) — Published Jul 24, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Global manufacturer of durable medical equipment (DME) Medical Depot Holdings Inc. (also known as Drive DeVilbiss Healthcare) experienced an unfavorable shift in customer and channel mix as well as greater pricing pressure in certain product categories, which is weighing on margins. We are lowering our 2017 EBITDA estimate by about $20 million, to $70 million, which increases 2017 debt leverage to about 10.4x; we expect modest free cash flow deficits for 2017. We are lowering our corporate credit rating on Medical Depot to 'B-' from 'B'. The outlook is negative. At the same time, we are lowering our rating on the first-lien debt to 'B-' from 'B', and our rating on the second-lien debt to 'CCC' from 'CCC+'. Our recovery

  
Brief Excerpt:

...Global manufacturer of durable medical equipment (DME) Medical Depot Holdings Inc. (also known as Drive DeVilbiss Healthcare) experienced an unfavorable shift in customer and channel mix as well as greater pricing pressure in certain product categories, which is weighing on margins....

  
Report Type:

Research Update

Issuer
Medical Depot Holdings Inc.
GICS
Health Care Equipment (35101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative" Jul 24, 2017. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Medical-Depot-Holdings-Inc-Corporate-Credit-Rating-Lowered-To-B-From-B-Outlook-Negative-1888698>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Medical Depot Holdings Inc. Corporate Credit Rating Lowered To 'B-' From 'B'; Outlook Negative Jul 24, 2017. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Medical-Depot-Holdings-Inc-Corporate-Credit-Rating-Lowered-To-B-From-B-Outlook-Negative-1888698>
  
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