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

  • ID: 1786743
  • April 2004
  • Region: North Carolina
  • Standard & Poors
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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 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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- Charlotte-Mecklenburg Hosp Auth

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