• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: North Carolina Medical Care Commission CaroMont Health; Hospital; Joint Criteria
Standard & Poors, May 2011
Standard & Poor's Rating Services has affirmed its 'AA-' underlying rating (SPUR) on North Carolina Medical Care Commission's $100.2 million series 2008 hospital revenue bonds, and $119.3 million series 2003 bonds, both issued for CaroMont Health. In addition, we affirmed the 'AAA/A-1' rating on the series 2003 bonds based on the application of Standard & Poor's joint criteria, using low correlation. The 'AAA' long-term component of the rating jointly reflects the credit worthiness of the letter-of-credit (LOC) provider, Bank of America N.A., and the obligor CaroMont. The short-term component of the rating is based on Bank of America. Since CaroMont's SPUR was raised in July 2010 to 'AA-' from 'A+', the organization's credit factors have remained consistent in our view,...
Companies mentioned in this report are: CaroMont Hlth,North Carolina Med Care Comm
Action: Outlook: Stable
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.
CaroMont Hlth,North Carolina Med Care Comm