Outlook On Martin Memorial Medical Center, FL 'BBB+' Rated Bonds Revised To Negative Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 20, 2011--Standard & Poor's Ratings Services has revised its rating outlook to negative from stable and affirmed its 'BBB+' long-term rating on the $5.7 million series 2002B bonds issued by Martin County Health Facilities Authority, Fla., for Martin Memorial Medical Center. "The outlook revision reflects our opinion that the significant increase in both capital spending and additional debt within the next 12 to 18 months will pressure the current rating," said Standard & Poor's credit analyst Charlene Butterfield. "Though we expect that Martin Memorial's solid business position will allow for continued volume and revenue growth, as well as greater cash flow and balance sheet growth during the next one to two years, the large...
Companies mentioned in this report are:
- Martin Mem Med Ctr
- Martin Cnty Hlth Fac Auth
Action: Affirmed
Action: Outlook: Negative
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.
- Martin Mem Med Ctr
- Martin Cnty Hlth Fac Auth
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