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Southwestern Illinois Development Authority Anderson Hospital; Hospital May 11
Standard & Poors, May 2011
Standard & Poor's Ratings Services revised its rating outlook to negative from stable on the Southwestern Illinois Development Authority's series 2006 and 1999 revenue bonds issued for Anderson Hospital. Standard & Poor's also affirmed its 'BBB' long-term rating on the bonds. The outlook revision reflects our view of Anderson's relatively sizable strategic capital plans, the funding for which will lower the hospital's liquidity and increase leverage. Although the balance sheet improved in fiscal 2010, we believe that Anderson has limited capacity to support any major capital plans at the current rating level. The 'BBB' rating reflects our view of Anderson's: History of positive operating margins, which have improved in fiscal 2010 and the first three months of fiscal 2011; Solid...
Companies mentioned in this report are: Anderson Hosp,Southwestern Illinois Dev Auth
Action: Outlook Revised
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Research Type: Full Analysis
Anderson Hosp,Southwestern Illinois Dev Auth