- Language: English
- Published: July 2012
- Region: United States
Summary: North Carolina Medical Care Commission Cleveland County HealthCare System; Hospital
- ID: 1783392
- June 2006
- Region: North Carolina
- Standard & Poors
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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
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Cleveland Cnty HealthCare Sys,North Carolina Med Care Comm