Summary: Illinois Finance Authority Illinois Health Facilities Authority SwedishAmerican Hospital; Hospital Aug 12
- Language: English
- Published: August 2012
- Region: Illinois
Standard & Poor's Ratings Services affirmed its 'A-' long-term rating and underlying rating (SPUR) on the Illinois Health Facilities Authority's series 2004 bonds issued for SwedishAmerican Hospital (SAH). The outlook on both ratings is stable. The rating affirmation reflects our view of SAH's favorable utilization, improved year-to-date operational performance, and increasing liquidity. The 'A-' ratings further reflect our view of SAH's: Good business position in Winnebago and Boone counties, with a leading and growing market share; Favorable utilization growth in fiscal 2010 and fiscal 2011 to date; Healthy operating levels generating solid maximum annual debt service coverage; and Improved liquidity metrics that provide sufficient balance sheet flexibility for the rating level. Partly offsetting the above strengths is our view of:...
Companies mentioned in this report are: SwedishAmerican Hosp,Illinois Hlth Fac Auth
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
SwedishAmerican Hosp,Illinois Hlth Fac Auth