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Aging Population Causing Gray Hair For Corporate Health Care Credits Sep 06
Standard & Poors, Sep 2006
Abstract
Perhaps no industry sees more opportunity to cash in on the aging of the U.S. population than the health care business. Yet paradoxically, companies in search of this golden future have made a variety of strategic and financial choices that have the potential to damage their credit quality. So far in 2006, Standard & Poor's Ratings Services has downgraded two-thirds more ratings than it has upgraded for its U.S. corporate health care issuers--a trend that could continue in the year ahead, considering that industry ratings currently carry almost four times as many negative outlooks than positive outlooks. U.S. health care expenditures could double over the next 10 years to $4 trillion as the over-65 age group grows to about 16%...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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