Summary: Missouri Health And Educational Facilities Authority St. Luke's Episcopal-Presbyterian Hospitals; Hospital Feb 11
- ID: 1872324
- February 2011
- Region: Missouri
- Standard & Poors
Standard & Poor's Ratings Services revised the outlook to positive from stable on its 'A' long-term rating and underlying rating (SPUR) on Missouri Health and Educational Facilities Authority's series 2001 and 2006 revenue bonds, issued on behalf of St. Luke's Episcopal-Presbyterian Hospitals, Mo. The positive outlook reflects our opinion of the overall improvement of St. Luke's operating performance and balance sheet over the last several years. More specifically, the rating and positive outlook reflect our view of St. Luke's: Continued solid business position in its primary service area of western St. Louis County, Mo., Solid revenue growth and good operating results, with improved operating margins for the last three years; Robust cash flow and sound coverage of maximum annual debt...
Companies mentioned in this report are:
- St. Luke's Episcopal-Presbyterian Hosp
- Missouri Hlth & Educl Facs Auth
- SSM Hlth Care Sys
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >