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Ascension Health, MO Outlook Revised To Positive On Strong Cash Flow And Solid Financials Feb 08
Standard & Poors, Feb 2008
Abstract
DALLAS (Standard & Poor's) Feb. 4, 2008--Standard & Poor's Ratings Services revised its rating outlook on all of Ascension Health, Mo.'s bonds, issued by various issuers, to positive from stable, reflecting Ascension Health's position as the largest non-governmental not-for-profit health system in the country; coupled with Ascension's very strong cash flow, established operating performance, and sizeable unrestricted reserves. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on Ascension Health's revenue bonds (various series and issuers), and series 2005A subordinated revenue bonds. Standard & Poor's also affirmed its 'A-1+' short-term rating on Ascension Health's CP programs and on its various variable-rate demand bonds (VRDBs). 'A higher rating is possible if the strength demonstrated...
Companies mentioned in this report are: Ascension Health Alliance,Connecticut Hlth & Educl Facs Auth,Idaho Hlth Fac 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 Mobile,Wisconsin Hlth & Ed Fac Auth,Puerto Rico Indl Tour Ed Med & Environ Ctrl Fac Fin Auth
Action: Affirmed
Action: Outlook: Positive
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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