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Ascension Health, Missouri; CP; System Oct 06
Standard & Poors, Oct 2006
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating to Ascension Health's $912.435 million in revenue bonds (various series and issuers). At the same time, Standard & Poor's affirmed its 'AA' long-term rating and its 'AA' underlying rating (SPUR) on roughly $3.3 billion in outstanding revenue bonds, as well as the 'AA-' long-term rating on Ascension's $612 million series 2005A subordinated revenue bonds. Standard & Poor's also affirmed its 'A-1+' short-term rating on Ascension's CP program and on its various variable-rate demand bonds (VRDBs). The 'AA' long-term rating on Ascension Health's debt reflects: A second year of robust financial performance, highlighted by stable operating income and improved net income and cash flow in fiscal 2006, producing consistently strong coverage of...
Companies mentioned in this report are: Ascension Health Alliance,Alabama Spl Care Fac Fin Auth of Mobile
Action: New Rating
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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