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Baptist Health South Florida; System
Standard & Poors
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
Abstract
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 also affirmed its long-term 'AA' rating on BHSF's series 2007 revenue bonds, issued through the South Miami Health Facilities Authority. The outlook is stable. Standard & Poor's recently raised the long-term rating on BHSF to 'AA' from 'AA-' based on the system's strong business position and operations, strong balance sheet including a conservative all fixed-rate debt profile, a low average age of plant, and an effective stable management team (see the full analysis published Nov. 16, 2010, on RatingsDirect on the Global Credit Portal). Augmenting these credit strengths is the...
Companies mentioned in this report are: Baptist Hlth South Florida,South Miami Hlth Fac Auth
Action: New Rating
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