|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Universal Health Services Inc. Chief Financial Officer Departs Feb 03
Standard & Poors, Feb 2003
Abstract
Universal Health Services Inc. (BBB-/Positive/--) announced today the departure of its chief financial officer (CFO). The sharp decline in the hospital chain's stock price today is related to uncertainty that arose with his departure. However, the company indicated today that the newly appointed acting CFO will certify Universal's financial statements for 2002, and the auditors will provide a clean opinion, validating its favorable operating performance over the past year. Standard & Poor's Ratings Services does not anticipate a change in the company's prospects or financial strategy resulting from recent developments that would suggest any adjustment to its rating or outlook at this time....
Companies mentioned in this report are: Universal Health Services Inc.
Action: S&P Event
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.
|
|
|
|
