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Fred Hutchinson Cancer Research Ctr, WA Assigned 'A' ICR On Strong History Of Grant Support Apr 08

Description:
Abstract
SAN FRANCISCO (Standard & Poor's) April 4, 2008-- Standard and Poor's Ratings Services assigned its 'A' issuer credit rating to the Fred Hutchinson Cancer Research Center (FHCRC). The outlook is stable. "The FHCRC is one of the few comprehensive cancer centers in the nation and enjoys a strong history of grant support from the National Cancer Institute and National Institute of Health," said Standard & Poor's credit analyst Jessica Matsumori. "Furthermore, it's highly variable cost structure provides it with good budgetary flexibility." The rating reflects the expectation of continued strong operational performance, growth in endowment and financial resources, maintenance of grant/contract funding, and steady improvement in liquidity, she said. Founded in 1971 by Seattle surgeon, Dr. William B. Hutchinson, the...

Companies mentioned in this report are: Fred Hutchinson Cancer Research Ctr
Action: New Rating
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 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
 
Companies Mentioned
Fred Hutchinson Cancer Research Ctr
 
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