S&P Global Ratings assigned its B+ corporate credit rating to Change Healthcare Holdings LLC with a stable outlook.

The rating on Change Healthcare incorporates S&P's view of the company's position as one of the leading healthcare IT companies in revenue cycle management and value-based care services.

The stable outlook reflects the company's significant recurring revenue base and the rating agency's expectation that Change Healthcare will experience stable growth due in part to secular tailwinds impacting the healthcare IT industry.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.