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Summary: North Carolina Medical Care Commission Cleveland County HealthCare System; Hospital
Standard & Poors, June 2006
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed its 'A' underlying rating (SPUR) on North Carolina Medical Care Commission's $29.5 million series 2001 and $38.6 million series 2004A revenue bonds, issued for Cleveland County HealthCare System (CCHS), N.C. The rating reflects the system's strong management through a long-term contract with Charlotte-Mecklenburg Hospital Authority (AA), which does business as Carolinas HealthCare System, and a solid business position as the dominant provider in Cleveland County, N.C. Additional rating factors include the system's: Sound operating profitability, generating healthy debt service coverage; Volume growth; and Healthy balance sheet, characterized by ample liquidity and moderate leverage. The rating also reflects the relationship between CCHS and Cleveland County. Specifically, Cleveland County (rated 'A') leased county-owned facilities and equipment...
Companies mentioned in this report are: Cleveland Cnty HealthCare Sys,North Carolina Med Care Comm
Action: Outlook: Stable
Cleveland Cnty HealthCare Sys,North Carolina Med Care Comm