Maryland Health & Higher Educational Facilities Authority Peninsula Regional Medical Center; Hospital Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services revised its rating outlook to stable from negative on Maryland Health & Higher Educational Facilities Authority's $133.4 million series 2006 revenue bonds issued for Peninsula Regional Medical Center (Peninsula) and affirmed its 'A' long-term rating on the bonds. The outlook revision to stable from negative reflects Peninsula's rebounding operating results and growing unrestricted liquidity. We changed the outlook to negative in April 2010 due to operating pressures that began in fiscal 2009 and accelerated in the first half of fiscal 2010. While a portion of the operating decline was anticipated and already reflected in the rating due to the 2009 opening of Peninsula's new patient tower, other pressures had emerged that drove margins well below...
Companies mentioned in this report are:
- Peninsula Regional Medical Center
- Maryland Hlth & Hgr Ed Facs Auth
Action: Outlook Revised
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Peninsula Regional Medical Center
- Maryland Hlth & Hgr Ed Facs Auth
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