S&P Global Ratings has upgraded the credit rating of One Call after the workers’ comp cost-containment company last month announced a restructuring of its debt.
S&P Global raised One Call’s long-term issuer credit rating, an assessment of a company’s overall creditworthiness, to B-minus from SD, which stands for selective default. One Call deferred an interest payment that was due to one of its lenders on Oct. 1, a step the company said was allowed under a 30-day grace period.
Then on Oct. 25, One Call announced that it had completed a recapitalization that will sig...
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