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Jefferson County, Arkansas Jefferson Regional Medical Center; Hospital
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
Standard & Poor's Ratings Services affirmed its 'A' long-term rating on Jefferson County, Ark.'s series 2001 bonds, issued for Jefferson Hospital Association Inc. (JHA), which owns and operates Jefferson Regional Medical Center (JRMC). The series 2001 bonds are the only long-term debt obligation JHA has outstanding. The rating outlook is stable. The rating reflects our assessment of JHA's: Dominant market position as the sole community provider in its primary service area, Jefferson County, with an approximately 79% market share; Strong maximum annual debt service (MADS) coverage of 4.5x through the eight months ended Feb. 28, 2011, and 5.7x for fiscal 2010 (year ended June 30); and Solid balance sheet, with very low debt leverage of 15.0% and ample liquidity, with...
Companies mentioned in this report are: Jefferson Regl Med Ctr,Jefferson Cnty
Jefferson Regl Med Ctr,Jefferson Cnty