Standard & Poor's Ratings Services assigned its 'A' rating to the New Hampshire Health & Educational Facilities Authority's $88.25 million series 2011A bonds, issued for Wentworth-Douglass Hospital (WDH) in Dover, N.H. The outlook is stable. Factors supporting the rating include WDH's: Consistent operating and financial profile over the past several fiscal years; Dominant market share of 62% in its primary service area; and Enhanced and growing clinical affiliations with local tertiary providers. Offsetting factors include WDH's: Elevated debt burden and leverage ratio with this debt issuance; and Sizable losses for its medical group, although management is implementing a plan to reduce these future losses. With this debt issuance, the organization will use approximately $45 million to build a four-story inpatient...
Companies mentioned in this report are: Wentworth Douglass Hosp,New Hampshire Hlth & Educl Facs Auth
Action: New Rating
Action: Outlook: Stable
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