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Ascension Health, Missouri; System May 11
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services raised its long-term rating to 'AA+' from 'AA' on Ascension Health, Mo.'s senior revenue bonds (various series and issuers) and raised its long-term rating to 'AA' from 'AA-' on Ascension Health's series 2005A subordinated revenue bonds. The outlook is stable. The 'AA+' long-term component of the various ratings is based on Ascension Health's credit quality, while the 'A-1+' short-term component of the ratings is based on Ascension Health's self-liquidity. The 'AA+' long-term rating reflects Ascension Health's: Excellent geographic and financial dispersion as the largest nongovernmental not-for-profit health system in the country, with approximately $15 billion in operating revenue and total assets of about $18 billion; Continued robust financial performance in fiscal 2010 (ended June 30,...
Companies mentioned in this report are: Ascension Health Alliance,Alabama Spl Care Fac Fin Auth of Birmingham
Action: Upgraded
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
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