Charlotte-Mecklenburg Hospital Authority, North Carolina; System Apr 07
Standard & Poors, April 2007
Abstract
Standard & Poor's Ratings Services affirmed its 'AA' rating on Charlotte-Mecklenburg Hospital Authority, North Carolina (d.b.a.) Carolinas HealthCare System (CHS) $806.7 million existing revenue bonds. The affirmation of the long-term and underlying rating (SPUR) reflects CHS' leading business position as the largest of two health care systems serving the Charlotte region, highlighted by a broad tertiary service mix, including strength in key specialties (cardiology, orthopedics and neurosciences) and a strong and stable market share in both Mecklenburg County and the broader thirteen-county service area. The 'A-1+' short-term rating on the series 2005B-D bonds reflects the SBPA provided by Bank of America N.A ('AA'/A-1+). The SBPA is stated to expire on Dec. 31, 2007, and will renew automatically unless Bank of...
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
- Charlotte-Mecklenburg Hosp Auth
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