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Ascension Health, Missouri; System Feb 07
Standard & Poors, Feb 2007
Abstract
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and 'AA' underlying rating (SPUR) on Ascension Health, Mo.'s roughly $3.7 billion in revenue bonds (various series and issuers), as well as the 'AA-' long-term rating on Ascension's $604.8 million series 2005A subordinated revenue bonds. Standard & Poor's also affirmed its 'A-1+' short-term rating on Ascension's CP programs and on its various variable-rate demand bonds (VRDBs). The 'AA' long-term rating reflects Ascension Health's: Excellent geographic and financial dispersion as the largest non-governmental not-for-profit health system in the country; Another year of robust financial performance in fiscal 2006, highlighted by improved operating and excess income and cash flow, and followed by extraordinary financial performance (unaudited) through the second quarter of fiscal...
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,Puerto Rico Indl Tour Ed Med & Environ Ctrl Fac Fin Auth
Action: Downgraded
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
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