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White River Health System Inc., AR Series 2011 Bonds Rated 'BBB'
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.
DALLAS (Standard & Poor's) May 3, 2011--Standard & Poor's Ratings Services assigned its 'BBB' long-term rating to Independence County Public Health and Education Facilities Board, Ark.'s $35 million series 2011 fixed-rate bonds being issued for White River Health System Inc. At the same time, Standard & Poor's affirmed its 'BBB' rating on the system's series 2010, 2004, 2003, and 1999 bonds by various issuers. The outlook is stable. "The rating reflects our view of White River's robust and improved operating profitability in fiscal 2010, solid pro forma maximum annual debt service coverage, and modest pro forma leverage and debt burden despite the fact that its long-term debt will more than double with the series 2011 bonds," said Standard & Poor's...
Companies mentioned in this report are: White River Hlth Sys, Inc.,Independence Cnty Pub Hlth & Ed Fac Brd
Action: New Rating
Action: Outlook: Stable
White River Hlth Sys, Inc.,Independence Cnty Pub Hlth & Ed Fac Brd