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Ascension Health, Mo. 'AA' Bond Rating Affirmed On Continued Financial Strength Feb 07
Standard & Poors, Feb 2007
Abstract
DALLAS (Standard & Poor's) Feb. 14, 2007--Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and underlying rating (SPUR) on Ascension Health, Mo.'s roughly $3.7 billion revenue bonds (various series and issuers), and 'AA-' long-term rating on Ascension's $592.83 million series 2005A subordinated revenue bonds. At the same time, Standard & Poor's affirmed its 'A-1+' short-term rating on Ascension's CP program and on its various variable-rate demand bonds (VRDBs). The outlook is stable. 'A higher rating or outlook revision on Ascension's debt is possible if the system's demonstrated strength in fiscal 2007 is sustained and leads to continued balance sheet improvement,' said Standard & Poor's credit analyst Kevin Holloran. 'Ascension Health's many credit strengths provide considerable flexibility even as...
Companies mentioned in this report are: Ascension Health Alliance,Connecticut Hlth & Educl Facs Auth,Idaho Hlth Fac Auth,Maryland Hlth & Hgr Ed Facs Auth,Michigan St Hosp Fin Auth,Escambia Cnty Hlth Fac Auth,Jacksonville Hlth Fac Auth,Missouri Hlth & Educl Facs Auth,The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty,Waco Hlth Fac Dev Corp,Illinois Fin Auth,Travis Cnty Hlth Fac Dev Corp,Schuylkill Cnty Indl Dev Auth,Indiana Hlth Fac Fin Auth,Alabama Spl Care Fac Fin Auth of Birmingham,Alabama Spl Care Fac Fin Auth of Mobile,Wisconsin Hlth & Ed Fac Auth,Puerto Rico Indl Tour Ed Med & Environ Ctrl Fac Fin 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 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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