• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: New Jersey Health Care Facilities Financing Authority AHS Hospital Corp.; Hospital; Joint Criteria Sep 10 Product Image

Summary: New Jersey Health Care Facilities Financing Authority AHS Hospital Corp.; Hospital; Joint Criteria Sep 10

  • ID: 1718002
  • September 2010
  • Region: New Jersey
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A' long-term and underlying ratings (SPUR) on New Jersey Health Care Facilities Financing Authority's series 2008A-C bonds, issued for AHS Hospital Corp., whose parent company is Atlantic Health System. The 'A' rating reflects our opinion of the system's: Improved operating results in fiscal 2009, and year to date in fiscal 2010; Adequate balance sheet characterized by 141 days' cash on hand; and Solid business position in the two key affluent markets AHS serves, highlighted by increasing volumes. The 'AAA/A-1' dual rating on the series 2008B bonds was also affirmed based on the application of low-correlation joint criteria with a letter of credit (LOC) from Bank of America N.A. ('A+/A-1') and the SPUR on...

Companies mentioned in this report are:
- AHS Hospital Corp
- New Jersey Hlth Care Facs Fincg Auth

Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- AHS Hospital Corp
- New Jersey Hlth Care Facs Fincg Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS