Charlotte Mecklenburg Hospital Authority, North Carolina; Health Care, System; Public Finance Structured, Liquidity Facility Mar 03

  • ID: 1786878
  • March 2003
  • Region: North Carolina
  • Standard & Poors
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The long-term rating on the Charlotte Mecklenburg Hospital Authority, N.C.'s bondsthe authority does business as the Carolinas HealthCare System (CHS)reflects: A leading business position as the largest of two systems that serve the Charlotte region, highlighted by a broad tertiary service mix, including strength in key specialties (such as cardiology, orthopedics, and neurosciences) and steadily improving market share; Sharply improved financial performance, despite weak non-operating income due to soft investment markets, combined with a conservative reserve policy; A sound balance sheetdemonstrated by light leverage, despite additional debt, and strong and growing liquiditythat, in Standard & Poor's analysis, fully factors in unrestricted reserves from two non-obligated foundations that are closely tied to but legally distinct from CHS; A strong relationship with...

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

Action: New Rating

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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