Summary: North Carolina Medical Care Commission Cleveland County HealthCare System; Hospital
- ID: 1783768
- April 2011
- Region: North Carolina
- Standard & Poors
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Standard & Poor's Ratings Services has assigned its 'A' long-term rating to North Carolina Medical Care Commission's $39.44 million series 2011 fixed-rate bonds, issued on behalf of Cleveland County HealthCare System (CCHS). The outlook is stable. In addition, Standard & Poor's affirmed its 'A' long-term and underlying rating (SPUR) on CCHS's $38.6 million series 2004A revenue bonds. Total pro forma long-term debt as of fiscal year-end Dec. 31, 2010, is approximately $74.4 million. All figures cited for 2010 in this analysis are based on draft unaudited financial statements. The rating reflects our assessment of the system's strong management through a long-term contract with Charlotte-Mecklenburg Hospital Authority (AA-), which does business as Carolinas HealthCare System (CHS); a favorable business position as...
Companies mentioned in this report are: Cleveland Cnty HealthCare Sys,North Carolina Med Care Comm
Action: New Rating
Action: Outlook: Stable
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