Greater Baltimore Medical Center, Maryland; Health Care, Hospital Nov 01
Standard & Poors, November 2001
Abstract
The Maryland Health and Higher Education Facilities Authority's bonds, issued for Greater Baltimore Medical Center (GBMC), are secured by the net revenues of GBMC. Shortly after the closing of this bond sale, the series 1991 bonds are expected to be redeemed and the rating on the series 1991 bonds will be withdrawn. GBMC is a 323-licensed-bed, acute-care regional medical center in Towson, Md., which is in Baltimore County ('AAA' GO rating). The 'A+' rating reflects GBMC's strong market position and utilization trends; a favorable service area economy; an excellent medical staff; and strong financial performance for a medical center operating in a state-regulated, all-payor reimbursement system. Additional credit strengths include the attractiveness of the GMBC facility and a board and...
Companies mentioned in this report are:
- Greater Baltimore Med Ctr
- Maryland Hlth & Hgr Ed 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
- Greater Baltimore Med Ctr
- Maryland Hlth & Hgr Ed Facs Auth
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