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BULLETIN: Universal Health Services Ratings Unaffected by Lower Quarterly Earnings Prospects Mar 04
Standard & Poors, March 2004
Abstract
NEW YORK (Standard & Poor's) March 2, 2004--Standard & Poor's Ratings Services said today that the ratings and outlook on hospital chain Universal Health Services Inc. (BBB/Stable/--) would not be affected after the company announced lower earnings prospects for the current quarter. The downward revision is due to increasing bad debt. It is also due to lower patient volumes and weaker payor mix relating to economic weakness and growing competition in certain of the company's key markets. Growing bad debt is not an issue specific to Universal, as it is affecting most of its peers. However, Universal's market-specific problems do appear to be more acute and may be more difficult to improve in the near term. Nevertheless, Standard & Poor's...
Companies mentioned in this report are: Universal Health Services Inc.
Action: Bulletin
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.
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