S&P cuts Manor Care debt rating to junk on buyout

(Reuters) - "We expect the transaction to include the issuance of a
large amount of new debt that will significantly compromise
credit quality," S&P said in a statement.




S&P cut Manor Care's corporate credit rating four notches
to "B-plus," four steps below investment grade, from
"BBB-minus," the lowest investment grade.


Read more at Reuters.com Mergers News