Research And Markets Research And Markets
0 CHECKOUT

Summary: Maryland Health & Higher Educational Facilities Authority Greater Baltimore Medical Center; Hospital Dec 10

  • ID: 1791205
  • December 2010
  • Region: Maryland
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • Greater Baltimore Med Ctr
  • MORE

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' long-term rating and 'A+' underlying rating (SPUR) on Maryland Health & Higher Educational Facilities Authority's series 1993 and 2001 bonds, issued for Greater Baltimore Medical Center (GBMC). The ratings reflect our view of GBMC's: Liquidity, with $174 million of unrestricted cash and investments on Sept. 30, 2010, equal to 143 days' cash on hand and 152% of long-term debt; Solid business position in a favorable suburban market with a large employed-physician base, although market share has shown small declines in recent years; Consistently positive operating margins, with fiscal 2010 representing the tenth positive year in a row for operations, although the 1.1% operating margin and 2.7% excess margin achieved in fiscal 2010...

Companies mentioned in this report are:
- Greater Baltimore Med Ctr
- Maryland Hlth & Hgr Ed Facs Auth

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Greater Baltimore Med Ctr
- Maryland Hlth & Hgr Ed Facs Auth

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

RELATED PRODUCTS from Db