S&P: Bravo Health outlook positive

Standard & Poor's said it revised its outlook on Bravo Health Inc. to positive from stable and affirmed its B counterparty credit rating and the B senior secured debt ratings on its $25 million revolving bank credit facility due 2012 and $90 million term loan B due 2013.

The agency said it revised the outlook because of its expectation that in the near term, the company will be able to continue its strong earnings trend and grow statutory capital while reducing its financial leverage.

The ratings on Bravo reflect its concentrated geographic and product profile as well as its high financial leverage, S&P said.

Favorable offsetting factors include a good earnings profile, a good liquidity profile and senior management expertise, the agency said.

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