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Ascension Health, MO Debt Rating Outlook Revised To Stable On Strong Cash Flow, Established Operating Performance Feb 09
Standard & Poors, Feb 2009
Abstract
DALLAS (Standard & Poor's) Feb. 13, 2009--Standard & Poor's Ratings Services revised the rating outlook to stable on all of Ascension Health, Mo.'s debt. In addition, Standard & Poor's assigned its 'A-1+' short-term rating to Ascension Health's $251.175 million Michigan State Hospital Finance Authority's series 1999B-1, 1999B-2, and 1999B-3 annual-mode bonds; to $35.6 million Connecticut Health and Educational Facilities Authority's series 1999B annual-mode bonds; and to $28.3 million Illinois Finance Authority's series 2000A annual-mode bonds. Standard & Poor's also assigned its 'AA' long-term rating to $198.455 million Indiana Health Facilities Finance Authority's series 2001A-1 and 2001A-2 multi-annual mode bonds and to $85.0 million Michigan State Hospital Finance Authority's series 1999B-4 multi-annual mode bonds. In addition, Standard & Poor's assigned its...
Companies mentioned in this report are: Ascension Health Alliance,Connecticut Hlth & Educl Facs Auth,Michigan St Hosp Fin Auth,The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty,Illinois Fin Auth,Indiana Hlth Fac Fin Auth
Action: Affirmed
Action: New Rating
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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