• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Charlotte-Mecklenburg Hospital Authority, North Carolina; Health Care, System; Public Finance Structured, Liquidity Facility Apr 04 Product Image

Charlotte-Mecklenburg Hospital Authority, North Carolina; Health Care, System; Public Finance Structured, Liquidity Facility Apr 04

  • Published: April 2004
  • Region: North Carolina
  • Standard & Poors

Abstract
The 'AA' rating on Charlotte-Mecklenburg Hospital Authority, N.C.'s (d.b.a. Carolinas HealthCare System {CHS}) outstanding bonds reflects: CHS' leading business position as the largest of two systems serving the Charlotte region, highlighted by a broad tertiary service mix, including strength in key specialties (such as cardiology, orthopedics, and neurosciences) and a strong and stable market share in both Mecklenburg County and the broader nine-county service area; Strong operating and excess income in 2003 (unaudited), following steady improvement in performance since losses were incurred in 2000; A strong balance sheet--demonstrated by light leverage, despite additional debt in fiscal 2003, and strong and growing liquidity--that, in Standard & Poor's Ratings Services' analysis, fully factors in unrestricted reserves from two non-obligated foundations that are...

Companies mentioned in this report are:
- Charlotte-Mecklenburg Hosp Auth

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

- Charlotte-Mecklenburg Hosp Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS