- Language: English
- Published: July 2012
- Region: United States
New Hampshire Health & Educational Facilities Authority Wentworth-Douglass Hospital; Hospital Mar 11
- ID: 1791279
- March 2011
- Region: New Hampshire
- Standard & Poors
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
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
Wentworth Douglass Hosp,New Hampshire Hlth & Educl Facs Auth