|
|
 |
|
Viewing report
|
|
|
|
Baptist Health South Florida's Series 2011 Bonds Rated 'AA' On Strong Business And Operating Position
Standard & Poors, May 2011
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.
Abstract
NEW YORK (Standard & Poor's) May 3, 2011--Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Baptist Health South Florida's (BHSF) $250 million series 2011 taxable notes. At the same time, Standard & Poor's affirmed its 'AA' long-term rating on BHSF's series 2007 revenue bonds, issued through the South Miami Health Facilities Authority. Standard & Poor's recently raised BHSF's long-term rating to 'AA' from 'AA-' due to the system's credit strengths, including its strong business position, operations, and balance sheet. Also supporting the rating are BHSF's conservative all fixed-rate debt profile, low average age of plant, and stable management team, which is focused on its core hospital business strengths while capitalizing on new technology and market opportunities...
Companies mentioned in this report are: Baptist Hlth South Florida,South Miami Hlth Fac Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
|
|
|
|
